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Market Intellect: The Fourth-Quarter S&P 500 Earnings Outlook Jan 12 Product Image

Market Intellect: The Fourth-Quarter S&P 500 Earnings Outlook Jan 12

  • Published: January 2012
  • Standard & Poors

FEATURED COMPANIES

  • Alcoa Inc.
  • Anadarko Petroleum Corp.
  • AT&T Inc.
  • BB&T Corp.
  • Lennar Corp.
  • Sprint Nextel Corp.
  • MORE

Abstract
After Monday's closing bell, the fourth quarter earnings season for S&P 500 companies unofficially kicked off with Alcoa Inc. The aluminum company posted a loss of $0.03 (its first loss since the second quarter of 2009), which missed analyst expectations by $0.01. While the company reported 6% revenue growth that exceeded expectations, revenue was still 9% lower than last quarter. With two more companies missing estimates Wednesday--the homebuilder Lennar Corp. and grocery store chain SUPERVALU Inc.--a ninth consecutive quarter of double-digit earnings growth is growing even more elusive. The S&P Capital IQ consensus for the fourth quarter currently expects earnings to rise 6.81% from the year-ago period (see chart 1). This expected growth rate would mark the end of eight...

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- Alcoa Inc.
- American International Group Inc.
- Bank of America Corp.
- SUPERVALU Inc.
- U.S. Steel Corp.
- Sprint Nextel Corp.
- U.S. Bancorp
- BB&T Corp.
- SunTrust Banks Inc.
- Cliffs Natural Resources Inc.
- Anadarko Petroleum Corp.
- AT&T Inc.
- EOG Resources Inc.
- The Goldman Sachs Group Inc.
- Freeport-McMoRan Copper & Gold Inc.
- Assurant Inc.
- Lennar Corp.
- Allstate Corp.
- NRG Energy Inc.
- Pioneer Natural Resources Co.
- T-Mobile US Inc.

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