Business Services' Q2 Earnings On Aug 8: IT, CVG & More
Zacks Investment Research | Aug 07, 2017 06:45AM ET
The earnings season is at its tail end with about 420 S&P 500 companies having reported results till Aug 4. Reconfirming broad-based expectations of better-than- expected results, total earnings of these 420 firms (accounting for 86.7% of the index’s total market capitalization) are up 11.6% year over year on 5.6% higher revenues, with 74.3% beating earnings estimates and 68.3% surpassing top-line expectations. Based on the hitherto observed pattern, second-quarter 2017 is anticipated to register high single-digit percentage earnings growth on a year-over-year basis.
Per the Zacks Investment Research
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