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As of Tuesday, November 24th:
The blended earnings growth rate for the S&P 500 for Q3 2009, combining actual numbers for companies that have reported, and estimates for companies yet to report is unchanged at -13.8% from the previous day. As of October 1st, the earnings growth rate was at -24.7%.Of the 488 S&P 500 companies who have reported Q3, 79% beat estimates, 7% were in-line, and 14% were below estimates.  The blended earnings growth rate for the S&P 500 for Q3 2009 is currently at -13.8%. (Data provided by Thomson Reuters)

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Verizon's Third-Quarter Profit Rises on Strong Sales
By: CNBC.com | 27 Oct 2008 | 07:46 AM ET
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Verizon's profit rose in the third quarter to an adjusted 66 cents per share, in line with expectations and higher than 63 cents per share in the same period last year, on strong sales, the company said Monday.

Diluted earnings per share were 59 cents, higher than 44 cents a year ago, while quarterly revenues rose by 5.4 percent to $24.8 billion.

Cash flows from continuing operations were $19.1 billion through the first nine months of 2008, up 5.9 percent compared with the same period last year, Verizon [VZ  Loading...      ()   ] said in a statement.

Capital expenditures were $12.6 billion through the first nine months of 2008, down more than $200 million over the same period last year.

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