Analysts Off the Mark on Energy Earnings

Energy for a strong America! I had the jingle running through my head earlier today. Thanks to Google, I was able to identify it as an Exxon (XOM) commercial that aired circa 1979. I think it was on during Monday Night Football, as that was pretty much the highlight of my week as an 8-year-old. 

In any event, I was reminded of that annoyingly catchy jingle while perusing his week's FactSet Earnings Insight. FactSet's analyst John Butters and his team put together a weekly compendium on earnings for the S&P 500 that I find indispensable. Earnings for the S&P 500 in the first quarter of 2017, as you are probably aware, posted the highest year-on-year growth in 5½ years. Butters has that figure pinpointed at 13.6% with almost all of the 500 having reported, and clearly it was a better-than-expected season as expectations called for a 9% gain as we entered the quarter. ...446 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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