Wall St. edges lower; investors look for profit growth

April 16, 2015 4:36 PM

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Wall St. edges lower; investors look for profit growth

While Netflix surged following blockbuster results, curbing the decline on the S&P 500 and Nasdaq, shares of SanDisk slumped following a weak revenue outlook that added to concerns about the pace of top-line improvement.

Of the 51 companies in the S&P 500 that have reported thus far, 76.5 percent exceeded profit expectations, well above the long-term average of 63 percent. Only 47.1 percent have beaten on revenue, however, below the historical average of 61 percent. That suggests companies are boosting their bottom ...

Also read: Economy: Jobless claims drop to lowest since 1973; housing starts jump 11%

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