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As of Monday, November 23rd:
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 482 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)

LATEST EARNINGS RESULTS


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Qualcomm Earnings Fall Far Short of Forecasts
By: CNBC.com and AP | 28 Jan 2009 | 04:45 PM ET
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Qualcomm said its fiscal first-quarter profits plunged 56 percent, falling short of analyst expectations as investment losses took a toll on its bottom line.

The company said Wednesday it earned $341 million, or 20 cents per share, during the three-month period ended Dec. 28. That compares with a profit of $767 million, or 46 cents per share, during the same period of 2007.

The latest period includes per-share charges of 5 cents for San Diego-based Qualcomm's strategic investment unit and 6 cents for share based compensation.

Excluding those charges, Qualcomm earned 31 cents a share, well below an estimate of 47 cents a share among analysts polled by Thomson Reuters.

Qualcomm

Revenue rose 3.2 percent to $2.52 billion from $2.44 billion, above Wall Street's projection of $2.42 billion.

Analysts who follow Qualcomm expected the firm to post a profit of 47 cents a share, according to Thomson Reuters.

Qualcomm shares [QCOM  Loading...      ()   ] tumbled about 6 percent in extended trading. The stock finished the regular Nasdaq session Wednesday at $36.82, an increase of $3.34 percent.

- AP contributed to this report.

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