News Formal

U.S. company profits even bigger than Wall Street's lofty targets

  • 📰 Reuters
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Much stronger-than-expected profit reports from U.S. companies in recent weeks have ratcheted up already high Wall Street forecasts on how second-quarter earnings growth will look versus last year.

Earnings are now expected to have climbed about 90% in the second quarter versus analysts' forecasts of 65.4% at the start of July, according to IBES data from Refinitiv, with results in so far from roughly 300 of the S&P 500 companies as of Monday morning.

A gangbuster second quarter is expected to mark a peak for recent U.S. earnings growth as companies recover from the depths of last year's pandemic-induced profit collapse. "It will be interesting when you start getting deeper into third and fourth quarters. The market might be anticipating a bit of a trip-up."

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 2. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Discovery Tops Wall Street’s Q2 Estimates On Advertising Rebound; Streaming Business Hits 18M SubscribersAdvertising rebounded strongly in the second quarter, enabling Discovery Communications to easily beat Wall Street’s estimates. Total revenue climbed 21% over the prior-year quarter, reaching…
Fonte: DEADLINE - 🏆 109. / 63 Consulte Mais informação »