SOURCE: Five Star Equities
NEW YORK, NY--(Marketwire - Oct 25, 2012) - The S&P 500 Index has performed admirably so far in 2012, gaining roughly 15 percent year-to-date, but is expected to experience a bit of a slowdown as we head into third quarter earnings season. Approximately 69 percent of S&P companies who have reported third quarter results so far have beat analysts' estimates on earnings, while 59 percent of companies have missed sales forecasts according to data from Bloomberg. Five Star Equities examines the outlook for companies in the S&P 500 Index and provides equity research on E I Du Pont De Nemours And Co. (NYSE: DD) and 3M Co. (NYSE: MMM).
Access to the full company reports can be found at:
Collective third quarter profits for companies in the S&P 500 are expected to decline in the third quarter for the first time in three years according to analysts' estimates collected by Bloomberg. Analysts have now lowered their projection to a 0.3 percent drop in S&P 500 earnings for the third quarter, compared with an estimate of a 2 percent decline in late September.
"The market has been decently resilient," Tim Hoyle, director of research at Haverford Trust Co., said in a recent phone interview. "We went into the earnings season with very dire expectations. So far they haven't been specifically horrible, but there are definitely specific cases where we do see earnings came in weaker than expected."
Five Star Equities releases regular market updates on the S&P 500 Index so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.
DuPont operates as a science and technology based company worldwide. Shares of the company fell nearly 10 percent on 6 times the average daily volume after reporting third quarter results that missed estimates, and that it plans to cut 1,500 jobs. DuPont reported a net income of $10 million, compared with a net income of $452 million in the year ago quarter.
3M shares fell Tuesday despite reporting third quarter profits increased 6.7 to $1.16 billion, from $1.09 billion a year earlier. The company has also lowered their forecast for full-year earnings to $6.27 to $6.35 a share, down from their estimate of $6.35 to $6.50 in the second quarter. "We still face the challenge of sluggish economies in large developed regions like Western Europe and Japan," CEO Inge Thulin said on a conference call with analysts. "In China, the year clearly has not played out the way most anticipated."
Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: www.FiveStarEquities.com/disclaimer