Operating earnings for the S&P 500 Index declined -8.5% in the third quarter 2007 according to Standard & Poor's. These figures are based on 93% of the companies having reported to date.
- Consumer Discretionary earnings fell 38.9%.
- Financials earnings plunged 33.1%.
- Excluding homebuilders (CTX, DHI, KBH, LEN and PHM) and General Motors (GM), the Consumer Discretionary (8.8% of the S&P 500 Index), would show a 4.2% gain for the Q3 2007.
- Year-over-year quarterly dividends increased 13.3%.
Source:
Q3 Financials Sector Earnings Plunge 33.1%; S&P 500 Earnings Decline 8.48% (pdf)
Standard & Poor's
By: Howard Silverblatt & David R. Guarino
November 15, 2007
http://www2.standardandpoors.com/spf/pdf/index/111507_Q3Earnings.pdf
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