Record Pace for Corporate Earnings Keeps Stocks Buoyant

  • 📰 WSJ
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Investors have been heartened by a standout earnings season in which the share of big U.S. companies beating profit expectations is on pace for a record

, meanwhile, has analysts considering the possibility of a drag on U.S. markets.

With these potential hurdles coming into view, investors have been heartened by a standout earnings season in which the share of big U.S. companies beating profit expectations is on pace for a record. What’s more, companies are turning more of their sales into earnings, keeping profit margins at record highs.

“The earnings coming out have definitely helped alleviate concerns of investors that maybe earnings are not going to keep up with the pace of the stock market,” said Gene Goldman, chief investment officer at Cetera Financial. “They’ve kept up pace.” While the bulk of earnings reports are in, investors this week will parse results from companies including Tyson Foods Inc., eBay Inc. and Walt Disney Co.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States United States Latest News, United States United States Headlines