Friday, November 13, 2009

80% of S&P 500 Companies Beat Expectations

Record Earnings Beat for S&P 500

According to Bloomberg:  Eighty percent of S&P 500 companies that have released results exceeded the average analyst estimate for third-quarter earnings per share, marking the highest proportion for a full quarter in Bloomberg data going back to 1993, even as profits slumped for a record ninth straight quarter.

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