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US corporate profits posted biggest rise in more than a year | S&P 500 | S&P 500 | Microsoft

[Великая Эпоха, 12 ноября 2023 г.](Detailed report by Epoch Times reporter Li Yan) Quarterly profits of US companies reached their biggest year-on-year growth since the second quarter of 2022. Latest data shows thatS&P 500 Index(S&P 500) The company’s performance significantly exceedsWall Streetexpected.

Data released by the London Stock Exchange Group (LSEG) on Friday (November 10) showed that almost all companies in the S&P 500 index reported results, which showed overall third-quarter profits expected to increase by 6.3% compared to the same period last year.

This is much higher than analysts’ forecasts for the third quarter on October 1.benefitGrowth 1.6%.

LSEG said 81.3% of quarterly reports beat analysts’ expectationsbenefitAs expected, this is the highest excess since the second quarter of 2021.

Analysts earlier lowered their fourth-quarter forecasts for the S&P 500 as current-quarter earnings were expected to rise just 5.8% year-over-year. In the second quarter, S&P 500 earnings fell 2.8% year over year.

In the third quarter of the earnings season, technology and communications servicesS&P 500 IndexAmong the 11 industries, the rate of exceeding expectations was the highest.

With the launch of chat tool ChatGTP, generative artificial intelligence (AI) has become a buzzword this year, not only prompting major tech companies to rush to launch technology products that they believe will change the nature of work, but alsoMicrosoftAttracted clients. The company’s cloud computing and PC business continues to grow.

On Friday, the S&P 500 hit its highest intraday level since September 20th.

Responsible Editor: Lin Yang#

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