- July 9, 2021
- Posted by: Stratford Team
- Category: Business
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Wall Street is gearing up for a slew of blockbuster earnings over the next few weeks as companies issue their results for the April-June quarter.
The heightened expectations reflect companies’ improving fortunes this year versus the second quarter of 2020, when much of the economy ground to a halt under restrictions aimed on stemming the spread of the coronavirus.
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Second-quarter earnings by S&P 500 companies are projected to be up 63.6% from a year earlier, according to FactSet. That would be the highest annual growth rate since the fourth quarter of 2009, when earnings by companies in the benchmark index soared 108.9%.
S&P 500 companies’ second-quarter revenue growth is projected to be up 19.6% from a year earlier — the biggest annual increase since at least 2008, according to FactSet. In the second quarter of 2020, S&P 500 earnings plunged more than…
