Welcome to the FIA News & Insights, a one-stop resource that includes insights from senior investment professionals on timely market events, their views on the economy and their respective markets. Find updates on the latest media information on Frost Investment Advisors, LLC and the most recent reprints, as well as, archival information for your reference.
Better Than Expected: Q2 Earnings
The market rallied off the lows from last quarter, with second-quarter earnings growing 6.7 percent year over year according to FactSet. The season is winding down with over 90% of S&P 500 companies having reported so far. The results have been good considering the amount of negative earnings sentiment going into the summer. Earnings were boosted by surging profits in the energy sector, largely explaining the increase. Earnings excluding energy were down about 4 percent compared to last year.
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