With more than two-thirds of the companies in the S&P 500 already reporting results, strong corporate earnings continue to support recent gains for equities. Over 70% of all companies have reported better than Wall Street forecasts and many have beaten expectations by a large margin. Year-over-year EPS gains are now expected to be at least 18%, a number that would have been higher if energy companies were not reporting weaker than expected results. The outlook for the fourth quarter also remains positive with expectations for operating earnings to rise at least 11%.
Caspermick
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