Tuesday, August 16, 2011

Market Woes Aside, Earnings Are Looking Up

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After the stock market mania over the past week and a half, you may think Corporate America has contributed to the unrest by reporting a big downturn in profits. After all, profit is what should drive stock prices over the long term.

But that hasn't been the case. During this earnings season, a vast majority of companies -- 69% of the S&P 500 -- have reported earnings that were better than analysts were expecting. For the S&P 500 overall so far this earnings season, earnings are up an...

Market Woes Aside, Earnings Are Looking Up originally appeared on DailyFinance.com on 2011-08-15T16:30:00Z.

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