Earnings for members of the Standard & Poor's 500 Index are expected to increase 27% from a year earlier while revenue is seen rising 9%, according to Thomson Reuters.
A month ago, earnings growth was estimated at 27% and revenue growth at 10%.
In the second quarter of 2009, S&P 500 companies posted results down 27% during the recession.
In the latest quarter, S&P 500 firms' earnings increased 57%. It was the second quarter in a row that the S&P 500 recorded earnings growth after a record nine straight quarters of year-over-year declines.
Eight of the 10 sectors are expected to see earnings growth in the second quarter. The materials, energy, information technology and consumer discretionary sectors are seen with the highest growth rates, while telecom services and utilities are projected to post small declines.
The energy sector is predicted to have the highest percentage growth and largest dollar-level growth in revenue. Excluding energy companies, the estimated revenue growth rate falls to 6%.
So far, 70 companies in the index have predicted second-quarter results below Wall Street expectations, while 59 have projected above analysts' estimates. That 1.2-1 ratio is below the historical average of 2.1-1.
Dow Jones Newswires articale ....
Markets wobble ahead of more tech earnings
-
Dow was off 42, decliners over advancers 3-2 & NAZ added 16. The MLP index
inched up 1+ to the 284s & the REIT index continued even in the 359s. Junk
b...
19 hours ago
No comments:
Post a Comment