Earnings season kicks into high gear

|By:, SA News Editor

An earnings deluge is on the menu this week.

About a third of the S&P 500 companies will report quarterly results, including three FANG stocks - Facebook, Amazon and Google parent Alphabet - as well as oil majors Exxon Mobil and Chevron.

So far, 87% of corporations that have reported earnings have exceeded Wall Street estimates, with FactSet now forecasting Q2 profits will be up 20.8% from a year earlier.

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