Only 6% remains of S&P500 companies to post Q1 earnings. Actually earnings fell by -17,5% against estimated growth +5,7% (data provided by Thomson on 1st Jan 08). Huge "contribution" had financials sector. Compared to Q1 2007 financials posted $142 bln less and finished quarter in loss of $28 bln.Q1 started badly by General Electric (GE) which didn't provide bright outlook for other earnings. Nevertheless it wasn't so bad quarter. If two sectors (the best - energy; the worst - financials) are taken out earnings actually grew by 2,9%. That's not so far from optimistic January estimates.Estimation for Q2 2008 are currently set negative -5,4%.http://stockweb.blogspot.com/atom.xml

Lots of Israeli companies reporting earnings. Here are some highlights: Perrigo (PRGO): Tightened up 2008 guidance higher and beat revenues projections. Earnings release here. Early look at the stock is that investors aren’t impressed. See our recent commentary on PRGO’s generic nicotine gum. Teva Pharmaceuticals (TEVA): Earnings report here. Quarter over quarter growth looks to be 24% and profit down from CoGenesys charge. RRSat (RRST): Smacked yesterday after an earnings release. The 20% drop came after putting up pretty good top lines numbers. Margins came down quite a bit. Alvarion (ALVR): Stock popped after the wireless backhaul firm put up pretty good revenue numbers and a narrower loss. The stock jumped 15%. Earnings report here. See our analysis of the recent turbulence in the wireless market. Ness Technologies (NSTC): Revenues up 27% year-over-year and ...