1Q earnings season: So far, so good

April 16, 2015 12:14 PM

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It’s still early, and overall S&P 500 profits are still expected to contract in the first quarter, but early results from quarterly earnings reports are positive, with 81% of companies topping forecasts.

The first quarter is still expected to be the first down quarter for profits since the financial crisis back in 2009 (analysts expect a 2.6% drop, up from -2.9% on April 1, according to Thomson Reuters I/B/E/S), but heading into today’s trading session 81% of the 36 companies in the Standard & Poor’...

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