Second-Quarter Earnings Highlights
As we move out of earnings season and the end of summer beckons, let’s take a moment for a quick look back at the nearly completed second-quarter earnings season. The numbers offer a mixed picture for investors.
According to Thomson Reuters, using data as of August 7, 70% of the 440 S&P 500 companies reporting had earnings above the mean estimate. Thirty-two of the 36 SSR portfolio companies have reported second-quarter results, and of these 69% beat their I/B/E/S consensus earnings estimates.