Micron Technology IncMicron's very strong results are cited as boosting overall S&P 500 earnings growth, highlighting its earnings beat.
S&P 500 companies are delivering the strongest earnings beats in five years for the second quarter. For the 81 index members that have reported so far, total earnings are up 40.6% from a year ago on 13.3% higher revenues, with 91.4% beating EPS estimates and 81.5% beating revenue estimates. The beat rates match the 5-year high from 2021 Q3, and the growth rates have been boosted by Micron's very strong results. Excluding Micron, Q2 earnings for the remaining 80 companies would be up 20.5% on 9.9% higher revenues. Companies across diverse industries, including General Motors, AT&T, Wabtec, and CME Group, are topping consensus estimates, and management commentary continues to signal underlying demand and operational resilience.
Micron Technology IncMicron's very strong results are cited as boosting overall S&P 500 earnings growth, highlighting its earnings beat.
CME Group IncCME Group is mentioned as one of the companies topping consensus estimates, indicating strong earnings performance.
General Motors CompanyGeneral Motors is mentioned as one of the companies topping consensus estimates, indicating strong earnings performance.
AT&T Inc.AT&T is mentioned as one of the companies topping consensus estimates, indicating strong earnings performance.
Westinghouse Air Brake Technologies CorpWabtec is mentioned as one of the companies topping consensus estimates, indicating strong earnings performance.