Corporate America Beats Profit Projections, Investors Don’t Care
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US companies are putting up one of their best earnings seasons in three years on the back of robust economic growth. It’s just not enough to offset worries about tariffs and high interest rates.
With firms making up three-quarters of the S&P 500 Index’s market capitalization having reported results, earnings-per-share are on track to jump 12.5% compared with an anticipated 7.3% before the season kicked off, according to data compiled by Bloomberg Intelligence. That’s well above an average 5.5% increase posted since the first quarter of 2022.