An Earnings Season To Remember

Investing.com - Not only have fourth-quarter earnings been better than expected, but a record number of companies have raised their outlook. So far, 77% of the S&P 500 companies that have reported earnings have beat analysts' profit estimates, according to FactSet.That's the highest rate since the firm began tracking the data 10 years ago. Overall, earnings are up 15.2%, versus a projected 11.0% increase prior to the start of earnings season.All of the S&P 500's 11 sectors have reported year-over-year growth in earnings and revenue.About 31% of the 400 companies that have reported results have also issued positive guidance on future earnings.For 2018, analysts are forecasting earnings growth of 17.9%. Analysts say the corporate tax cut, a weaker dollar and an improving global economy have all contributed to higher profits.