
Baker Hughes Company ($BKR) reported quarterly earnings with a revenue of $7.14 billion, reflecting a year-over-year increase of 12.96%, exceeding expectations by $329 million. The company also reported earnings per share (EPS) of $0.57, a 46.15% increase from the previous year, beating estimates by $0.08. Edison International ($EIX) also released its quarterly results, posting a revenue of $4.34 billion, up 9.38% year-over-year, surpassing expectations by $216 million. Its EPS was $1.23, a 21.78% increase year-over-year, exceeding estimates by $0.16. Dover ($DOV) reported revenue of $2.18 billion, a 3.71% increase year-over-year, beating expectations by $28 million, with an EPS of $2.36, up 15.12% year-over-year, exceeding estimates by $0.15. Overall, S&P 500 earnings have shown strong performance, with reported earnings exceeding expectations by 7.1% so far this quarter. The net profit margin for the S&P 500 has surpassed 12% for the second time since Q2 2022, indicating robust earnings growth, which analysts expect to accelerate to approximately 15% for 2025.
S&P 500 earnings scorecard 41% of the companies in the S&P 500 have reported so far "At close to the mid-point of the second quarter earnings season, the S&P 500 is reporting mixed results. On the one hand, the percentage of S&P 500 companies reporting positive earningsโฆ https://t.co/UtLdfv0bOb
There's a high bar for companies looking to impress markets - but annual profit growth for S&P 500 is tracking 11.6% so far. And analysts are expecting this to accelerate to roughly 15% for calendar 2025, chart @reutersMikeD https://t.co/IdrC4rjlYt https://t.co/lkyniHvD4L
2Q earnings reported so far were +7.1% above expectations. The results reported so far have been strong. BofA: Our earnings tracker goes up to +12.1% YoY for โcoreโ public US IG issuers, ex. Energy and Finance. https://t.co/heZERJsz4a