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A shortened version from CNNMoney.com
By Paul R. La Monica
John Butters, director of U.S. earnings research with Thomson Reuters in Boston, said that so far during the third quarter there has been an "unusually high" number of companies topping estimates.
Through Thursday morning, 139 of the S&P 500 companies have reported results, and 83% of them have had earnings that were higher than analyst forecasts. Butters said that, on average, about 62% of companies beat estimates in a given quarter.
But what's even more impressive is that these companies -- like many others that have already reported results for the quarter that ended in September -- also notched year-over-year increases in sales as well.
That's key. One of the main criticisms of companies over the past year or so is that even though many were reporting decent profits, it was largely due to cost cutting and not actual improvement in demand.
According to Butters, the S&P 500 companies are expected to report revenue growth of about 7% from a year ago. Sales are also expected to rise from the second quarter. |
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发表于 2010-10-21 05:06 PM
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