Favorable Earnings Reported by 77% of DI Companies Thus Far

As we arrive at mid-May (although the temperature feels far from that here in Chicago), so far 91% of companies in the S&P 500 index have reported quarterly earnings. According to Thomson Reuters, the blended (reported and estimated) first-quarter 2015 quarterly earnings growth for S&P 500 constituents is 2.1%. On a sector basis, health care is at the top, reporting first-quarter earnings growth of 18.1%. Energy, without surprise, displayed the weakest growth (or lack of growth), reporting first-quarter earnings that fell 57.8%.