Earnings Are Making the Case for Further Gains in the Stock Market
Companies are beating estimates at the fastest pace in four years.
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Bears who expect tariffs to take a big bite out corporate profits are still waiting.
A third of the way through the second-quarter earnings season, about 83% of US companies have beaten estimates, according to data compiled by Bloomberg Intelligence.
That’s on track for the highest share of beats since the second quarter of 2021.