More than 90 percent of S&P 500 companies have now reported results for this earnings season, and the numbers look good. S&P Global Market Intelligence expects S&P 500 companies to report a 24.7 percent increase in earnings per share from a year earlier.
A little deeper inside those numbers, the biggest story in sales came from the energy sector. The top six S&P 500 companies in quarterly sales growth were all oil & gas companies. They include:
- Pioneer Natural Resources, up 92 percent
- Concho Resources, up 90 percent
- EQT Corp., up 86 percent
- EOG Resources, up 78 percent
- Occidental Petroleum, up 73 percent
- Newfield Exploration, up 62 percent
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