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Tag >> Materials
May 10
2011

First quarter earnings beat forecasts by 50 percent

Posted by Stephen Taub in RiskMaterialsIndustrialsenergyDeutsche BankCash

Stephen Taub

It's official: The first quarter was a huge pleasant surprise.

In a report fired off to clients, Deutsche Bank figures with 87 percent of the S&P 500 companies having reported, earnings for the March three-month period surged 18 percent year-over-year. This far exceeded the 12 percent expectation at the beginning of the quarter.

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