S&P 500 Earnings Surge, Revenue Growth Highest in 3 Years

Third quarter earnings for S&P five hundred companies are exceeding expectations, with a projected thirteen point four percent jump in earnings per share, marking four consecutive quarters of double-digit growth. Revenue growth is also surging, at an eight point four percent rate, driven by sectors like Healthcare, Financials, and Consumer Discretionary. However, the tech giants earnings growth has slowed, with a combined eighteen point four percent growth rate, their lowest since Q1 2023. Upcoming reports from retailers and tech companies will provide further insights into consumer spending and corporate performance.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.