Why So Many Companies Smashed Estimates This Quarter

Nearly 90% of S&P 500 companies topped earnings estimates for the second quarter, the best performance in five years.

What was behind that outperformance? A number of factors, including cautious guidance from CEOs, a pre-Delta-variant recovery from the coronavirus pandemic, and lapping last year's lockdown, among other reasons. In an episode of The Five, recorded on Aug. 23, Fool contributors Jeremy Bowman, Brian Withers, and Toby Bordelon break down those drivers and others.

Source Fool.com