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FactSet reported that 91% of S&P 500 Index ("Index") constituents had reported earnings results for Q3'25 as of 11/7/25. Of that total, actual earnings per share exceeded estimates for 82% of companies, above both the 5-year average of 78% and the 10-year average of 75%. Revenues also exceeded estimates. In total, 77% of reporting companies announced revenues in excess of analyst expectations, above the 5-year and 10-year averages of 70% and 66%, respectively.
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