Earnings beating forecasts but jury’s out on rest of season
By Caroline Valetkevitch and Ben Berkowitz NEW YORK (Reuters) – U. S. companies have easily beaten expectations for first-quarter earnings so far in the reporting season, but nearly half of the members of the S&P 500 are yet to announce results and they are unlikely to be as robust. With results in from 271 of the S&P 500 companies, year-over-year earnings growth is projected at 3. 9 percent, compared with a forecast for 1. 5 percent growth at the start of the earnings season, Thomson Reuters data shows. That figure includes those that have reported and analyst estimates for those who have not. . . .
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