Market Watch
Mark DeCambre
May 2, 2018
By at least one measure, corporate earnings are the best in nearly a quarter-century. However, the stock market is not enthused!
Rather than rally on the back of upbeat results, the main equity benchmarks have sulked lower.
According to Thomson Reuters I/B/E/S, of the 343 companies, or about 70%, of S&P 500 members that have reported earnings to date, 79.9% have reported earnings per share that were above analysts’ expectations, putting the season on track for the highest earnings beat rate on record, going back to 1994.
More...
https://www.marketwatch.com/story/why-the-stock-market-is-unimpressed-by-the-best-first-quarter-results-in-24-years-2018-05-02
