Earnings Season

“178 S&P 500 companies have reported 4Q results – 47% of companies have beaten earnings estimates, in-line with historical average – 11% have missed, vs. average of 15% – average EPS surprise 8%, above 5% historical average. 42% 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 2.1%, above the 0.9% historical average.” (Goldman Sachs)

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