Three Stocks Set to Top Earnings Estimates

The earnings pace as quickened this week and the results have not be stellar. By Monday afternoon, only 34 of the 498 stocks in the S&P 500 had reported. Of those 34 companies we saw total earnings up +16% from the same period last year, with 64.7% of them beating earnings expectations. Total revenues for these companies are up +5.5% and 41.2% of them reported positive top-line surprises.

As the week progressed, we saw revenue and earnings weakness start to materialize a bit more with Nokia ( ( NOK – Analyst Report ) ), Intel ( ( INTC – Analyst Report ) ), Bank of New York (BK), eBay ( ( EBAY – Analyst Report ) ) and others missing the mark. UnitedHealth saw their first-quarter earnings fall 14% as higher medical bills continued to outpace increased revenue, they were trading down today as well.

Order weakness was also seen in tech giant Apple ( AAPL – Analyst Report ) , who saw its shares cut by 9% this week alone.

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— Zacks Investment Research

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