Briefing.Com recently noted that as of the end of last week, about one third of the S&P 500 firms reported earnings results for the 1st Quarter of 2010. Bespoke and Briefing.com both highlighted that about 83% of the earnings reports thus far beat analysts' estimates. To put this in a historical perspective, Thomson Reuters pointed out that, going back to 1994, 60% of earnings reports typically beat analysts' estimates in a given quarter. As a result, it can reasonably be concluded that it was a stellar first quarter for the majority of U.S. large cap firms.Read more
Corporate Earnings on the Rise
Published: Apr. 27, 2010