Storm Clouds or Rainbows | Q4 Earnings Update
Investment theory indicates that stock prices are or should be driven by fundamentals over the long term. Therefore, smart investors will pay close attention to quarterly earnings updates and the trends that are unfolding. Through last Friday, February 24, 92% of the companies that comprise the S&P 500 Index have reported blended earnings with 66% beating expectations by growing year-over-year earnings by 4.9%. Sales have also jumped with 52% beating expectations, rising by 5.0% year-over-year. If sales growth holds up at this rate, it will be the best quarterly performance since the third quarter of 2012.
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