From
Yahoo Finance, 9:48 a.m. ET:
...To date, companies comprising just under 80% of the S&P 500’s market capitalization reported fourth-quarter results.
Among
these, earnings have so far beaten consensus expectations by 5.2%, and
63% of companies have exceeded their bottom-line estimates, according to
an analysis from Credit Suisse chief U.S. equity strategist Jonathan
Golub. That compares to 5.2% and 71% over the past three years.
Aggregate
earnings per share are on pace to rise 3.5% for the fourth quarter,
Golub said. Heading into fourth-quarter earnings results, consensus
analysts expected earnings to grow 3.1%.
Companies
including Cisco, Applied Materials, MGM resorts and TripAdvisor are due
to release results after market close Wednesday....
