A Quick Look At The Sectors Beating Earnings Expectations

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
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See Also:
- Check Out All Of The Fascinating Things We Learned During Last Week's Earnings Announcements
- Morgan Stanley Offers A Glass-Half-Empty Update On Earnings Season
- Here's A Great 25-Year Snapshot Of Stocks Versus Bonds
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