Earnings Season

“91 S&P 500 companies have reported 4Q results – 41% of companies have beaten earnings estimates, below historical average of 47% – 13% have missed, vs. average of 15% – average EPS surprise 7%, above 5% historical average. 41% of companies reporting have beaten revenue estimates, above the historical average of 35%. 12% have missed estimates vs. average of 20). The average revenue surprise has been 1.1%, above the 0.9% historical average.” (Goldman Sachs)

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