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Big Oil Companies Report Record Profits Amid High Oil Prices
We are still in the early innings of the earnings season, with roughly a third of S&P 500 companies having returned their second quarter scorecards.
Summary
We are still in the early innings of the earnings season, with roughly a third of S&P 500 companies having returned their second quarter scorecards. And, it’s shaping up to be yet another bumper earnings season: according to FactSet data, 86% of those companies have exceeded Wall Street’s earnings projections while 80% have beaten revenue expectations.
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