All Of Earnings Season Summarized In 10 Seconds

old cash register

Photo: 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.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at