Getting your player ready...
It’s been a while since investors have seen the coveted “triple play,” but this earnings season has been generous.
Bespoke Investment Group uses the phrase for companies that notch three check marks for their quarterly earnings report: beat sales expectations, beat earnings expectations and boost their forecast.
During the previous three earnings seasons, maybe 1 percent to 2 percent of companies were hitting all three. This time, it’s close to 6 percent, with technology companies in particular leading the way.
Some recent triple plays:
3M Co. (MMM)
Altria Group Inc. (MO)
Amgen Inc. (AMGN)
Kimberly-Clark Corp. (KMB)
Newell Rubbermaid Inc. (NWL)
Seagate Technologies (STX)
The Associated Press
