Sunday, May 18, 2008

S&P 500 Operating Earnings Up 8.77% Ex-Financials

According to Standard & Poor's, first quarter operating earnings are up 8.77% when excluding the 95 financial issues in the index. With the financial issues included though, operating earnings are down 25.89%. This preliminary data is after approximately 95% of the S&P 500 companies have reported earnings.

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S&P 500 Operating Earnings Contribution first quarter 2008
The year over year operating earnings changes are detailed below.

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S&P 500 year over year change in operating earnings first quarter 2008Excluding financials and consumer discretionary stocks, the YOY operating earnings change is fairly respectable.


S&P 500 Q1 Earnings Down 25.9%;
Financials Again Posts Negative Earnings (pdf)

Standard & Poor's
By: David R. Guarino & Howard Silverblatt

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