One would have thought that Covid and lockdown would have reduced the emphasis on this quarter's earnings. Not so, it seems.......

With 312 of the S&P500 companies having reported, 82% came in above expectations on earnings! Extraordinary, really. More realistic was the 68% beat on revenues.

Worst sectors were real estate, energy, and communication services.
Best were tech, healthcare and, surprisingly, industrials.

Q2 earnings growth was -34%.
Q2 revenue growth was -10%.

Full report attached.

earnings scorecard July 31.pdf 133 KB

 

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