S&P 500 Earnings Up 11 Percent With 80 Percent Reporting
With 80% of the S&P 500 (INDEXSP:.INX) having already reported (by market cap), 2013 earnings were up 11% over 2012, led by the financial industry's impressive 31% EPS growth. S&P 500 2013 EPS is at $108 on an operating basis and $110 on an adjusted basis (11% and 6% growth respectively). Excluding financials and utilities, revenues were up by just 3%.
“We expect S&P 500 (INDEXSP:.INX) will earn $116 per share in 2014 . . .
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