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Monday, July 5, 2010

Earnings For S&P 500 Firms Still Increasing

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.




2 comments:

  1. What is your take on the poor showing from the Empire State and Phily Fed reports? It would seem as though the economy will slow down quite a bit for the second half. Do you agree?

    ReplyDelete
  2. Bill,

    Keep in mind that the index is measuring activity about a month ago. I would speculate at this point a reaction to the European news back then. As I mentioned then, that "crisis" is now past, and I would expect a return to activity levels that we saw two and three months ago.

    GNE

    ReplyDelete

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