How Are Earnings Shaping Up?
From Ticker Sense As of yesterday (1/22), 58 of the 500 S&P 500 companies had reported earnings since Alcoa (AA) kicked off the season two weeks ago. While we realize it’s still a small sample (just over 10% of the…
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From Ticker Sense
As of yesterday (1/22), 58 of the 500 S&P 500 companies had reported earnings since Alcoa (AA) kicked off the season two weeks ago. While we realize it’s still a small sample (just over 10% of the total S&P 500), the initial results show that earnings "beats" are coming in at a slower pace than in previous quarters. So far this earnings season, 60% of S&P 500 companies have beaten estimates, making this the second lowest "beat" rate since the bull market began in October 2002. After the next two weeks, we’ll be able to really see how things shape up, but as of now, analysts have been too optimistic.
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
