As Second Quarter Earnings Beat Approaches Guidance Keeps Looking Worse

The majority of S&P 500 (.INX)  index companies reported first-quarter earnings results beating estimates, while less than half beat their revenue estimates. Greg Harrison of Thomson Reuters in the earnings round up report notes that since the beginning of the second quarter, a majority of the S&P 500 index companies reported first-quarter earnings results beating estimates. However, on the revenue estimates front, less than half could beat their estimates. The recent research report from Thomson Reuters reinforces the negative sentiment expressed in their previous report. According to the recent report, many of the S&P 500 index companies issued negative guidance for the…