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LIVE MARKETS-Q4 US earnings growth now estimated highest in 2024

ReutersFeb 10, 2025 6:20 PM
  • Main US indexes green; Nasdaq out front, up >1%
  • Energy leads S&P 500 sector gains; Financials weakest group
  • Dollar ~flat; gold up ~1.5%; crude, bitcoin both up ~2%
  • US 10-Year Treasury yield flat at ~4.49%

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Q4 US EARNINGS GROWTH NOW ESTIMATED HIGHEST IN 2024

With results now in from more than 300 of the S&P 500 .SPX companies, earnings for the fourth quarter are estimated up 14.8% from a year ago, putting that quarter on track for the highest earnings growth in 2024, according to LSEG data as of Friday.

That 14.8% growth also is up sharply from 9.6% estimated on Jan. 1.

Eighty-five percent of technology company reports so far have surpassed analysts' expectations and 87% of communication services earnings reports have exceeded analysts' expectations, compared with 76.3% overall for S&P 500 company earnings reports so far.

(Caroline Valetkevitch)

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