Earnings for members of the Standard & Poor's 500 are expected to increase another 27% from a year earlier and their associated revenues are seen to also rise -- perhaps another 9%, said Thomson Reuters last week. Actual earnings season for Q2, begins shortly...
In the first quarter of 2010, S&P 500 firms' earnings increased 57%. It was the second quarter in a row that the S&P 500 recorded earnings growth. If the predictions are correct, it will represent three quarters in a row of year over year increases. Those increases follow a record nine straight quarters of year-over-year declines prior to that.
Industry sectors like materials, energy, information technology and consumer discretionary segments are all predicted to have very healthy earnings growth rates.
When all you read is gloom, turn here for a much different perspective.