The proportion of US companies beating earnings expectations this quarter is the highest in more than four years, providing stock investors with relief at a time the rally is slowing.
About 85% of S&P 500 firms to have reported third-quarter earnings so far have surpassed profit estimates, on course for the best performance since 2021,
It’s still early in the season, given that less than a fifth of the index’s market capitalization has announced results, but it’s an indication that US profits remain strong in the face of tariffs and an uncertain economy. ...