First-quarter earnings are coming above analysts' expectations

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First-quarter earnings are coming above analysts' expectations

Can a person be a good man?NEW YORK - While it is still early in the earnings period, aEarnings are rebounding from last year's pandemic-driven lows,Some strategists say that expected earnings may help underpin the market even as valuations are consideredAccording to the ratings from 110 of the S&P 500 companies as of Thursday, 85.If this trend continues through the season, it will be the highest beat rate since 1994 going backAn average of 78% of companies have beaten earnings estimates in the past four quarters Stronger than expected results from major banks and other companies have driven up the forecast for the quarterEarnings are now expected to have increased 33.3% in the first quarter from the previousThis is expected to be the highest quarterly profit growth since 2010 following the financial crisis.To be sure, the S&P 500 is down less than 1% since mid-AprilWall Street fell Thursday as sources said the US president will propose raising taxes on the wealthy next weekIn the first quarter, earlier this week, Netflix Inc. said slow production of TV showsThe momentum for corporate earnings looks positive, wrote Mark Haefele, the CEO ofThe U.S. earnings season overall got off to a strong start.

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