S&P 500 earnings for fourth quarter 2019 seen increasing over a year earlier

FAN Editor
File photo of traders working on the floor of the New York Stock Exchange shortly after the opening bell in New York
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York in this April 12, 2016, file photo. The S&P 500 is close to its record high as earnings season heats up, but one of the major drivers of the market’s advance – stock buybacks – looks to be sagging. REUTERS/Lucas Jackson/Files

January 30, 2020

NEW YORK (Reuters) – Earnings for S&P 500 <.SPX> companies are seen increasing for the fourth quarter over a year earlier, according to IBES data from Refinitiv.

Earnings for the quarter are now expected to have increased 0.7% from the year-ago quarter, based on results from 193 S&P 500 companies and estimates for the rest.

At the start of the month, analysts were expecting a 0.3% year-over-year decline in fourth-quarter earnings, per Refinitiv’s data, and investors had been keeping a close eye on fourth-quarter results following a slight year-over-year decline in S&P 500 third-quarter earnings.

(Reporting by Caroline Valetkevitch; Editing by Chizu Nomiyama)

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