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Energy on Track to Post Worst Fourth-Quarter EPS Declines in S&P 500

2015-02-11 02:22:20| IT Services - Topix.net

NEW YORK -- About half the energy companies in the S&P 500 have reported fourth-quarter 2014 results, and the battered sector is on track to post the worst earnings and revenue declines in the index by a wide margin, according to Thomson Reuters . Although 77% of the energy companies that have reported already have beat fourth-quarter earnings estimates, the sector has posted a 21% decline in blended earnings so far.

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