Early S&P earnings results: 73% earnings beats

Zacks equity research:

“The overall picture emerging from the Q2 earnings season at this admittedly early stage is inconsistent with an economy heading into a significant downturn.

For the 60 S&P 500 companies that have reported Q2 results, total earnings are down -11% from the year-earlier period on +6.6% higher revenues, with 73.3% beating EPS estimates and 63.3% beating revenue estimates.“