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To: Rarebird who wrote (35023)	8/7/1998 8:57:00 AM
From: Maya	Respond to of 50808

This is probably just a correction. Don't conclude that a bear market has started already. Oh, how does it matter to you. You will change your opinion on the fly. BTW, rudeness doesn't help you in any way excepting satisfying your silly ego. First Call second quarter U.S. earnings scorecard Reuters, Thursday, August 06, 1998 at 12:32 NEW YORK, Aug 6 (Reuters) - First Call second quarter 1998 U.S. corporate earnings scorecard through the morning of August 6. Earnings versus expectations Number Percentage Number of S&P 500 cos. reported 444 89 Positive surprises 105 23 Positive reports 158 36 On target 109 25 Negative reports 39 9 Negative surprises 32 7 Average positive bias (1) 2.0 Earnings versus a year ago Number Percentage Number of S&P500 cos. reported 444 89 Above year ago 299 67 Matched year ago 8 2 Below year ago 137 31 Pct EPS above year ago 2.4 First Call forecast year-on-year Q2 growth(2) 2.7 First Call note (1) This is the average earnings per share, actual over estimated. (2) The First Call forecast is based on actual numbers for those who have reported and estimates for those who have not reported. Only companies in the Standard & Poor's 500 share index included in data. Earnings-per-share growth in second quarter expected between 3 percent and 5 percent when traditional positive bias included. The positive bias has averaged about 2.5 percent in last four years. Positive and negative surprises differ from positive and negative reports in that the former include those who deviated from expectations by at least 5 percent (with adjustments when the numbers are near zero and their percentage difference becomes meaningless). Copyright 1998, Reuters News Service