Earnings Season

“62 S&P 500 companies have reported 3Q results – 40% of companies have beaten earnings estimates, below historical average of 47% – 15% have missed, in line with history – average EPS surprise 2%, below 5% historical average. 27% of companies reporting have beaten revenue estimates (below the historical average of 35%) and 16% have missed estimates (vs. average of 20%). The average revenue surprise has been 0.2%, below the 1% historical average.” (Goldman Sachs)

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