Goldman Sachs: S&P 500 earnings beat expectations, helped by companies' tariff response and a weaker dollar
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最新报道：According to a report from Bijie.com, Goldman Sachs strategists said that S&P 500 companies far exceeded expectations during this earnings season because they found ways to mitigate the impact of tariffs and benefited from a weaker dollar. As the second-quarter earnings season drew to a close, overall earnings per share for S&P 500 companies increased by 11% year-on-year, far exceeding the consensus estimate of 4%. "This quarter has been one of the most frequent periods of earnings beats in history," David Kostin, Goldman Sachs' chief US equity strategist, wrote in a report. US companies' profit margins performed better than expected in the face of tariffs because they were able to negotiate with suppliers, adjust supply chains, cut costs, and pass on price increases to consumers. In addition, analysts' sharp reductions in earnings expectations in the spring due to Trump's tariffs also made it easier for companies to "beat expectations" against a low base. Goldman Sachs strategists said that the weaker dollar also contributed to the accelerated sales growth in the second quarter.
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