Q1 S&P 500 Group EPS Growth

With 92% of the S&P 500 having reported first quarter earnings, below we highlight year-over-year growth numbers for the major groups of the index. Groups highlighted in green saw earnings growth, while those highlighted in red saw earnings declines.

The index as a whole has seen earnings decline by 16.9% versus the first quarter of 2007. Only 6 of the 24 groups saw earnings declines, however. These declines came in banks, diversified financials, insurance, real estate, consumer durables & apparel and retailing. No surprises there. The biggest gains in earnings came in automobiles & components (which had a low starting point), energy, software, tech hardware, materials and media.

Comments

[VSD]

Why then were people saying tell tech and buy financials? Tech reported better YOY