EconoMonitor

Q3/Q4 Earnings Beats and Misses S&P 500

click for larger table

Source: Standard and Poors

 

Standard & Poor (whom I frequently criticize as awful when it comes to ratings) does excellent work when it comes to assembling data on earnings for their flagship index, the S&P500.

Their S&P 500 earnings and estimate report is quite excellent. You can download a spreadsheet from their site (go here, than click “Download Index Data“). In addition to the entire earnings universe, it breaks down the SPX by Sector, Quarterly data, Actual operating, as reported and sales are from S&P Compustat.

The two charts below show an ominous turn down in Operating earnings:

 


Source: Standard and Poors

This post was originally published at The Big Picture and is reproduced here with permission.

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Richard has published papers on wages policy, the taxation of financial arrangements and macroeconomic issues in Pacific island countries. Views expressed in these articles are his own and may not be shared by his employing agency. He is the author of How to Solve the European Economic Crisis: Challenging orthodoxy and creating new policy paradigms