Earnings Roundup: Technology Companies Struggle to Beat Expectations
Last week marked the halfway point in the first quarter earnings season. With 178 companies reporting, it was also the busiest of the quarter in terms of corporate reporting. Of these companies, 73% beat their consensus estimates. These positive surprises caused the Q1 EPS growth estimate to increase to -5.7%, up from the -7.1% estimate the previous week. Revenue results continued to beat estimates at lower rates, as only 55% of companies reported positive revenue surprises . The Information Technology sector saw 33% of the companies that reported last week miss their EPS estimates. This is the highest rate of
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Earnings InsightUncategorized
May 2, 2016
posted by Greg Harrison