U.S. S&P 500 earnings growth seen up 33.7 from yr ago

NEW YORK, July 23 (BestGrowthStock) – Earnings for Standard &
Poor’s 500 (.SPX: ) companies are expected to rise 33.7 percent
from a year ago, up from last week’s estimate of 28.2 percent
growth.

Revenue is seen rising 9.5 percent from a year ago, up from
last week’s estimate of 9 percent growth, according to Thomson
Reuters data.

Of the 175 S&P 500 companies that have reported earnings so
far, 78 percent have beaten analyst estimates, above the
long-term average of 62 percent. Of the 174 companies that have
reported revenue, 67 percent have beaten estimates.

So far, “it’s another strong earnings season relative to
analyst expectations,” said John Butters, director of U.S.
earnings for Thomson Reuters.

Next week, 157 S&P 500 companies are expected to report
results, and 4 Dow components, including Chevron (CVX.N: ).

Investment

(Reporting by Caroline Valetkevitch; Editing by Dan
Grebler)

U.S. S&P 500 earnings growth seen up 33.7 from yr ago