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Analysts raised earnings forecasts on S&P 500 companies 896 times in June, while lowering...

Jul. 27, 2009 10:58 AM ETBy: Eli Hoffmann, SA News Editor1 Comment
Analysts raised earnings forecasts on S&P 500 companies 896 times in June, while lowering 886 times, the first time revisions have been net bullish since April 2007. Of the 184 S&P 500 companies that have reported so far, only 14% have missed estimates.

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Comments (1)

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Poor Texan profile picture
896 to 886 hardly seems bullish. I'd call it statistically insignificant. And the earnings forecasts have been lowered to a point where beating them is no big deal.
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