Earnings For S&P 500 Firms Still Increasing

Earnings for members of the Standard & Poor’s 500 are expected to increase another 27% from a year earlier and their associated revenues are seen to also rise — perhaps another 9%, said Thomson Reuters last week. Actual earnings season for Q2, begins shortly…

In the first quarter of 2010, S&P 500 firms’ earnings increased 57%. It was the second quarter in a row that the S&P 500 recorded earnings growth. If the predictions are correct, it will represent three quarters in a row of year over year increases. Those increases follow a record nine straight quarters of year-over-year declines prior to that.

Industry sectors like materials, energy, information technology and consumer discretionary segments are all predicted to have very healthy earnings growth rates.