US second quarter earnings roundup – what’s the data showing us?

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Now that earnings season is ending, we look at what the results are telling us about the wider market.

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

30 August 2023

Now the vast majority of companies have reported earnings, we’ll look at what the results are telling us about the wider market’s performance and why this matters.

This article isn’t personal advice. If you’re not sure whether an investment is right for you, please ask for financial advice. All investments can fall as well as rise in value, so you could get back less than you invest. Ratios should not be looked at in isolation.

Take a look at some of the key themes from the mega-caps of the US market.

The inflation picture in the US may be improving, but it’s still something for businesses to contend with. Second-quarter earnings showed a relatively resilient performance from sales, but earnings fell 3.2% compared to the year before.

The US consumer remained relatively resilient