Surprise! S&P 500 Earnings Don’t Suck!
With the reporting season moving into the home stretch, the rate at which companies are reporting earnings that beat analysts’ forecasts remains high. As of Tuesday, according to Thomson Reuters, 70 percent of the 353 companies to report earnings beat expectations, slightly better than the 65 percent average in the last four quarters and well above the long-term average of 62 percent.
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