"2023 Fourth-Quarter Earnings Surge Led by Tech, US Outperforms Europe"
TL;DR
Fourth-quarter corporate profits are exceeding expectations, with a nearly 8% rise in earnings growth for the season and 80% of S&P 500 companies beating estimates. Strong performances in the energy, healthcare, and tech sectors have contributed to this trend, resulting in a 7.8% growth rate in earnings per share, the highest of 2023. However, these positive figures follow a significant drop in earnings expectations, and the outlook for first-quarter and full-year 2024 earnings remains cautious as companies issue conservative guidance.
Topics:businessfinanceeconomy#corporate-profits#earnings-season#economic-outlook#financeeconomy#fourth-quarter-earnings#sandp-500
- Fourth-quarter earnings are shaping up to be the best of 2023, but there's a catch CNBC
- US outperforms Europe in Q4 earnings so far, tech leads the way - Barclays By Investing.com Investing.com
- AMD Stock: The Market Has Gone All-In On Stellar Results Seeking Alpha
- Zacks Earnings Trends Highlights: Microsoft, Alphabet, Tesla, Amazon, Meta and Apple Yahoo Finance
- Tech market insights: theCUBE Podcast dives into 2024 trends SiliconANGLE News
Want the full story? Read the original reporting
Read on CNBC