Swiss Economicblogs.org
As the second-quarter earnings season draws to a close in the United States, with 89 percent of companies in the S&P 500 having announced quarterly results, there’s both good and bad news to report. Sugar first: Seventy-four percent of companies beat consensus estimates, slightly better than the 10-year average of 70 percent. The outlook for the future is getting rosier, too. The consensus forecast for 12-month forward earnings growth is now 7.2 percent, up from 5.2 percent at the...
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