As of the end of last week, 310 S&P 500 members have reported their Q1 results, representing 85.3% of the sector’s total market capitalization on the index. While to our great disappointment, we have seen that total earnings for these index members are down -7.2% year over year on -2.4% lower revenues, here is some real good news for investors keen on the Medical sector.
So far, more than 60% of the Medical sector index members have released their first-quarter financial numbers, out of which 78.1% have reported better-than-expected earnings performance on revenue beat of 68.8%. Accordingly, earnings were up 6.3% year over year on an 11.8% revenue growth rate.
