9 Stocks With Powerful Earnings Momentum
Fourth-quarterearnings season is almost over and the results have been pretty underwhelming.
Out of the 342 S&P 500 companies that have reported so far, representing 78% of theindex 's totalmarket cap,earnings are up a meager 2.8% from the same period in 2011. Of these companies, just 67% have beaten earnings estimates, logging a medianearnings surprise of 3.3%. Totalrevenue hasn't looked much better either, up just 2.7% from the year-ago period with only 64% of companies coming in ahead of expectations.
Those less-than-remarkable results have been driven by a number of disappointing performances from headlines companies. Apple (Nasdaq: AAPL) fell 10% after showing signs of slower revenue growth andmargin compression. General Motors ( GM ) was also under pressure after posting results that fell short of expectations.
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