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UBS Raises Earnings-Per-Share Estimate for S&P 500 in 2010, 2011

UBS AG raised its earnings-per-share estimates for the Standard & Poor’s 500 Index for 2010 and 2011, citing third-quarter results that came in above predictions.

S&P 500 companies should have combined earnings per share of $86 in 2010, up from the previous prediction of $84, UBS said in a note today. Next year, per-share profit will be $93, the strategists said, up from the previous estimate of $91.