Earnings season close to the end. S&P500 companies lost 8% earnings y/y!

More than 450 companies have already released financial results from the S&P 500 index, with the season coming in slightly better than expected (7% better earnings and 2% better revenues on average), but still a sizable year-over-year decline of more than 8%, marking the 3rd consecutive quarter of earnings declines. According to forecasts, the next quarter is expected to bring a slight recovery. Nevertheless, this week's earnings release continues. Retail companies such as Home Depot (HD.US), Target (TGT.US) and Walmart (WMT.US) are worth keeping an eye on. On the other hand, we will also learn the results of technology companies like Cisco (CSCO.US) and JD (JD.US).

Source XTB

This season has brought as much as an 8% drop in earnings for the S&P 500 index. Source: Bloomberg Finance LP