All Of Earnings Season Summarized In 10 Seconds

old cash register

Photo: hipposrunsuperfast.com via Flickr

From Morgan Stanley:Nearly 30%of S&P 500’s market capitalisation has reported Q2earnings, and the results have been generally positive.Reported earnings have outpaced consensus estimatesby 3.8%, and only 7% have reported below consensusearnings. Similarly, reported revenues are beating theconsensus by 3.0%. Earnings andrevenue misses have been minimal thus far, but themarket is punishing these misses more than it isrewarding beats—anasymmetry we have been calling for and we forecast willcontinue.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.