Earnings season off to strong start despite 'uncertain macro' environment ahead

📆 10/16/2023 2:34 PM
📰 YahooFinanceCA

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It's early innings in Q3 earnings season, but results from 32 companies in the S&P 500 indicate the earnings recession may be over.

After 32 S&P 500 companies have reported earnings, companies in the index are beating Wall Street's expectations by an average of 9% on earnings per share, according to Bank of America Research's equity strategy team.

The same could be said for the S&P 500, which is up nearly 1% since Pepsi reported strong results on Oct. 10. Charlie Munger is a fraction as wealthy as Warren Buffett. He'd be worth over $10 billion if he kept all of his Berkshire Hathaway stock.

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