Earnings season is almost complete.
With nearly 90% of S&P 500 companies having reported, this earnings season is shaping up to be remarkably robust. Second-quarter earnings per share (EPS) are projected to surge 30% year-over-year when excluding investment mark-ups from Alphabet and Amazon—well above the 22% consensus forecast from July 1st. Factoring in those one-time gains for Alphabet and Amazon, EPS growth jumps to nearly 50% year-over-year. Furthermore, 76% of companies have surpassed EPS expectations, matching last quarter's beat rate, which marked the highest level seen since 2021.$Alphabet(GOOGL.US) $Amazon(AMZN.US)
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