A Quick Look At The Sectors Beating Earnings Expectations


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Companies accounting for more than 40% of the S&P 500's market cap have reported earnings in the past two weeks, and results so far have been solid.

According to UBS research, excluding financials, EPS and revenues have topped consensus estimates by 2% and 1%, respectively. That's smaller than in the past, but supports analysts' views that earnings haven't collapsed just yet.

UBS breaks down by sector how many companies beat, how many missed, and by how much these sectors beat or missed.

Note: The referenced UBS note was published before today's earnings announcement. Slides are ordered by the size of the earnings surprise.

Financials: MISS by 10.7%*

Beats & Misses: 19 beat; 13 miss

Earnings Growth (YoY): -15.6%*

Some Companies That Beat: Bank of America, Citigroup, Morgan Stanley

Source: UBS

*Excluding Debt Valuation Adjustments and Other Accounting Adjustments

Materials: MISS by 0.4%

Beats & Misses: 4 beat; 2 miss

Earnings Growth (YoY): 16.5%

Some Companies That Beat: Freeport-McMoran, Monsanto

Source: UBS

Telecom: BEAT by 0.6%

Beats & Misses: 1 beat; 0 miss

Earnings Growth (YoY): 7.7%

Company That Beat: Verizon Communications

Source: UBS

See the rest of the story at Business Insider

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Source: http://feedproxy.google.com/~r/businessinsider/~3/ItJLPYzPIDE/earning-beats-continue-to-roll-in-company-beats-2011-10

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