More than halfway through the 19Q3 earnings season, 51% of Russell 1000 companies have reported earnings. In aggregate, companies have beat earnings estimates by 4.6% and revenue by 1.1%. Third-quarter revenue is now expected to post a gain of 3.3% from the prior year, while the outlook for earnings is a decline of 1.9%. However, if companies continue to surprise by the same magnitude, then the index would achieve flat 19Q3 year-on-year earnings.
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