S&P 500 Earnings Top Estimates at 77% Pace Led by Ford
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Starbucks Corp., Ford Motor Co. and American Airlines Group Inc. posted profits that exceeded analysts’ estimates, benefiting in part from improved economies at home and abroad.
The automaker and the coffee-shop chain yesterday joined the 77 percent of Standard & Poor’s 500 Index companies that have beaten second-quarter projections, with more than 280 yet to report. Facebook Inc. closed at a record yesterday, one day after the social network said mobile advertising fueled sales.