January 30, 2020 / 4:20 PM / 24 days ago

S&P 500 earnings for Q4 2019 seen increasing over a year earlier

NEW YORK, Jan 30 (Reuters) - Earnings for S&P 500 companies are seen increasing for the fourth quarter over a year earlier, according to IBES data from Refinitiv.

Earnings for the quarter are now expected to have increased 0.7% from the year-ago quarter, based on results from 193 S&P 500 companies and estimates for the rest.

At the start of the month, analysts were expecting a 0.3% year-over-year decline in fourth-quarter earnings, per Refinitiv’s data, and investors had been keeping a close eye on fourth-quarter results following a slight year-over-year decline in S&P 500 third-quarter earnings. (Reporting by Caroline Valetkevitch Editing by Chizu Nomiyama)

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