S&P 500 Communication Services Firms Deliver Record-Breaking Earnings with 100% Beat on Both EPS and Revenue

All seven S&P 500 communication service firms reported Q1 earnings that beat expectations, with both earnings and revenue surpassing Wall Street forecasts. This marks a clean sweep for the sector, which includes companies such as Netflix, Facebook, and Alphabet (Google). The strong earnings performance reflects the resilience of the communication services sector, which has been less affected by the ongoing COVID-19 pandemic.