S&P 500 profit eyes sharpest quarterly growth in four years after Big Tech results
S&P 500 profits are expected to grow 27.8% in the first quarter, the strongest since the fourth quarter of 2021. The forecast improved sharply after megacap results from companies like Apple, Alphabet, and Microsoft.
Analysts' expectations for S&P 500 earnings improved sharply after a week dominated by megacap results. S&P 500 profits are expected to grow 27.8% in the first quarter, the strongest since the fourth quarter of 2021. This is higher than the previous forecast of a 16.1% rise. The results from Apple, Alphabet, Meta, Amazon.com, and Microsoft drove the improvement. Apple's quarterly sales growth was the strongest in more than four years. The data is based on LSEG IBES.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.