Lowered Bar For Q3 Earnings? Telecom Estimates Up

By | October 5, 2015

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Telecom led upward 2015 earnings estimate revisions, says Morgan Stanley, which says that low market expectations for Q3 earnings overall set the stage for “modest upside.” “Q3 consensus estimates were revised down in nine of the 10 S&P sectors over the last three months,” said Adam Parker, a Morgan Stanley analyst in a report. “Telecom is the only sector that saw positive revisions while energy and materials experienced the biggest downward Scalper1 News

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