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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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Dow Chemical Posts Surprise Profit, Calls Bottom
Published: Thursday, 30 Jul 2009 | 6:52 AM ET
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By: CNBC.com

Dow Chemical reported a surprise quarterly profit, excluding special items, Thursday and also said that the U.S. economy has bottomed.

Dow [DOW  Loading...      ()   ] reported a net loss from continuing operations of $435 million, or 47 cents a share, down sharply from a profit of $776 million, or 81 cents a share, in the same quarter a year ago.

But excluding certain items the company earned 5 cents a share. Analysts surveyed by Thomson predicted a loss of 8 cents a share.

Sales fell 31 percent from the same period a year ago to $11.3 billion, lower than the $13 billion analysts predicted.

"The economic outlook for the rest of 2009 appears to be stabilizing with strong growth in Asia Pacific, especially China, where domestic stimulus programs have created demand," the company said in a statement. "In our view, the United States economy has found bottom, but will be slow in recovering as unemployment continues to be a drag on consumer spending."

The company added it does not expect material improvements for the rest of 2009.

© 2009 CNBC.com
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