[gnucash-br] Albert Arfania

[overstock em gmail.com]

Hi, 

This is Albert Arfania. You had asked me about an article I received on 
corporate earnings. The article I received is as follows: 

10/27/2006 
Earnings season’s been a smash so far 
By Matt Krantz, USA Today 

Wall Street expected corporate earnings reporting season to be good. Just 
not this good. 

More than half of Standard & Poor’s 500 companies have reported results, and 
third-quarter profit growth from a year earlier is running at 17.6%, S&P 
says. That’s even better than the 14% growth expected, thanks to the fact 
that nearly three-quarters of companies have beaten estimates. 

“It’s been a really good earnings season,� says Ashwani Kaul of Reuters 
Estimates, adding companies that topped estimates have done so by 5.8%, 
nearly twice the margin they normally do. “You can’t really complain too 
much.� 

Meanwhile, solid news kept pouring in Thursday from companies including 
ExxonMobil and Microsoft. Now, it appears almost certain that this will be 
a record 18th quarter in a row of double-digit growth. 

The blowout earnings are a big reason stocks are starting to experience a 
breakout. Thursday, the Dow Jones industrials rose 28.98 points to 
12,163.66 — the fourth-consecutive high and 13th record in less than a 
month. “If earnings were disappointing, the market would not be doing as 
well,� says Rod Smyth of Wachovia Securities.