<p>Goldman Sachs strategists pointed out that the proportion of U.S. companies exceeding expectations in their third-quarter earnings reports is among the highest on record. The team led by David Kostin noted, &#34;In our 25 years of data, such a high frequency of earnings surprises has only occurred during the COVID-19 pandemic restart period of 2020-2021.&#34; Among the S&amp;P 500 constituents that have reported earnings, 64% of companies had earnings per share that exceeded market expectations by at least one standard deviation. (Bloomberg)</p>

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<p>Goldman Sachs strategists pointed out that the proportion of U.S. companies exceeding expectations in their third-quarter earnings reports is among the highest on record. The team led by David Kostin noted, "In our 25 years of data, only during the COVID-19 pandemic restart in 2020-2021 have we seen such a high frequency of earnings surprises." Among the S&P 500 constituents that have reported results, 64% of companies had earnings per share that exceeded market expectations by at least one standard deviation. (Bloomberg)</p>

Goldman Sachs strategist: The proportion of U.S. corporate earnings exceeding expectations ranks among the highest in history