Earnings Season

“140 S&P 500 companies have reported 3Q results – 39% of companies have beaten earnings estimates, below historical average of 47% – 16% have missed, vs. average of 15% – average EPS surprise 4%, below 5% historical average. 24% of companies reporting have beaten revenue estimates (below the historical average of 35%) and 23% 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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