So far, more than 14 percent of S&P 500 companies have reported results for this earnings season. Of those companies, 81 percent have posted earnings that beat analyst expectations.
That's the good news. The bad news is how low the bar has been for success: Analysts polled by FactSet expected third-quarter earnings to have fallen by 4.6 percent.
We'll know a lot more this week, when about 120 S&P 500 companies, or around 24 percent, are scheduled to release their quarterly results. Among the big names reporting this week: Amazon, Intel, McDonald’s, Chipotle Mexican Grill, Caterpillar and Boeing.
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