S&P 500 Profit Season Has Worst Start in Years: Chart of the Day
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U.S. companies that beat analysts’ earnings estimates are an exception, rather than the rule, for the fourth-quarter reporting season getting under way.
Only 47.1 percent of companies in the Standard & Poor’s 500 Index that posted quarterly results between Dec. 1 and yesterday exceeded the average projection, according to data compiled by Bloomberg. Citigroup Inc. and JPMorgan Chase & Co. are among those that trailed estimates.