Monday, July 23, 2007

Earnings Growth Pretty Good

From Bloomberg:

More than one-quarter of S&P 500 companies have posted second-quarter results. Their average profit growth was 8.1 percent. Analysts estimate index members will post average quarterly profit growth of 5.8 percent, up from a 4.8 percent estimate a week ago, according to data compiled by Bloomberg News.


It's not double-digit growth, but 8.1% isn't bad.