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How is the US quarterly season going? FactSet data shows that earnings of companies listed on the S&P 500 for the first quarter of 2023 reported a year-on-year decline.
So far, approximately 85% of S&P 500-listed companies have reported first-quarter earnings reports with EPS (earnings per share), on average, down 2.4% over the same period last year. last year.
The manufacturing sector was penalized above all, with companies which, on average, witnessed a drop in EPS of -25.7%.