Earnings season has officially kicked into high gear: 39 companies have reported so far, with the S&P reporting an earnings per share surprise of 6.8%. The best results include increases in financials, consumer discretionary, and materials. Here are some highlights.
The first peak week of second-quarter earnings season was just what the market ordered, thanks to some beat-and-raise reports from Dow blue chips. This week has more such big-name results on tap. And again, investors will be looking closely for top-line revenue growth.
General Electric (GE) reported second-quarter earnings Friday, beating analysts estimates.
The conglomerate reported a profit of $0.30 cents per share in the quarter that just ended, up 15% from a year ago. Analysts from Thomson Reuters were expecting a profit of $0.27 a share.