Medical Instrument Stock Earnings On Nov 2: HOLX, MASI & More
Zacks Investment Research | Nov 01, 2016 07:32AM ET
We are in the middle of the third-quarter earnings season with 291 S&P 500 members (58.2% of the total index) having released their quarterly numbers, as of Oct 28. After five consecutive quarters of earnings declines for the S&P 500 index, the quarterly reports so far have restored expectations of a reversal in the quarter.
Total earnings have grown 2.2% year over year for the S&P 500 members on a beat ratio of 73.5%. Revenue growth stands at 1.3% with 57.4% beating revenue expectations.
With a significant number of earnings reports yet to be released, this week is going to prove crucial for the Q3 cycle.
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