Earnings preview – Q2 could show underlying strength
June 17, 2015 01:00:00 AM
S&P 500 earnings rose 1.4% year-over-year during Q1. That's not much, but industry analysts expected a drop of 4% at the start of that quarter's earnings season. Among the sectors, the big loser was energy. Excluding it, earnings rose impressively by 11.2% year-over-year. Here is the rundown of Q1's earnings performance derby from best to worst: financials (19.6%), health care (19.4%), information technology (10.3%), consumer discretionary (8.1%), industrials (5.5%), consumer staples (4%), utilities (2.4%), materials (2%), telecommunication services (1.8%), and energy (-59.7%).