S&P 500 Third Quarter EPS To Decline 5.5%

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S&P 500 Third Quarter EPS To Decline 5.5%

Equity analysts are not particularly sanguine about earnings results for U.S. public firms in the third quarter. In fact, according to a recent report from FactSet Insight, the consensus analysts estimate is for a 5.5% year-over-year decline in third quarter earnings in the S&P 500.

FactSet Senior Earnings Analyst John Butters, however, argues that past history says the S&P 500 earnings slump is very likely to be somewhat less than the 5.5% that Wall Street analysts are projecting

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S&P 500 – Above-estimate earni