Monday, January 11, 2010

4th Quarter Earnings

Fourth-quarter earnings results begin this week, and expectations are high.

According to Thomson Reuters, earnings for S&P 500 companies are expected to nearly triple on a year-over year basis. Any increase would mark the first time since second-quarter 2007 that earnings were higher than the same quarter a year earlier. It would also end the longest stretch of declines since S&P began keeping track of operating earnings in 1991.

Similar good news is expected for revenues, which among S&P 500 companies rose 2.5% from the second quarter to the third. Analysts are forecasting a 7.6% increase in revenue during the fourth quarter.

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