S&P 500 companies are on track for a 13.4% earnings growth rate in Q3, with 83% reporting positive surprises. The standout is the highest revenue growth rate in three years at 8.4%, led by Health Care, Financials, and Consumer Discretionary sectors.
Earnings growth has slowed for tech giants like Apple and Microsoft, with the “Magnificent Seven” reporting a lower growth rate of 18.4% in Q3. Meta Platforms’ negative EPS surprise impacted overall growth, but companies like Nvidia, Alphabet, Amazon, and Microsoft remain top contributors to S&P 500 earnings.
Read more at Yahoo Finance: Dell stock rises, Deere and Zscaler slide in last major earnings day this week
