Year over year 3Q earnings for the S&P 500 Index continue to show positive progress. Of the 456 companies that have reported out of the 500 companies in the index, share weighted earnings in Q3 2009 totaled $154.6 billion versus Q3 2010 earnings of $202 billion or a 31% YOY increase.
|From The Blog of HORAN Capital Advisors|
Revenue growth on a YOY basis is 8%. The sectors with the highest revenue growth rate are: Technology (+20%), Materials (+17%) and Energy (+16%). The only sector showing negative revenue growth is the Financial sector (-2%). From an earnings perspective though, financials are reporting a YOY increase of +94%. Obviously financials are reporting fewer charges.