Business & Economy · 4 views
Profit surprises are normalizing — and that may signal a healthier stock market, say Citi strategists
Although the majority of S&P 500 companies reported earnings above analysts’ expectations, the beats were significantly lower than in more recent quarters.
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Most S&P 500 firms posted earnings above analysts’ forecasts, but the magnitude of those beats was markedly smaller than in the preceding quarters.
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