01:44 PM EST, 11/03/2025 (MT Newswires) -- S&P 500 companies' quarterly earnings growth slowed down compared with financials reported up until a week ago, even as revenue momentum picked up, Oppenheimer Asset Management said Monday.

Nearly 64% of the companies in the benchmark equity index have reported results in the latest cycle, with earnings now up 11.1% on sales growth of 8.2%. The brokerage's report released last Monday showed a 15.1% rise in profits and 7.8% revenue growth, based on results from 29% of the index constituents.

Ahead of the reporting season, FactSet's bottom-up estimates put analysts' projected earnings growth at 8%, according to Oppenheimer.

"(Third-quarter) results (as well as results in earlier quarters reported this year) have shown evidence that earnings growth is not limited to the technology space but rather is spread among the sectors," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said. "At this point in the earnings season, nearly 83% of firms that have reported have beaten their analyst forecasts."

Among sectors, technology continued to lead earnings growth, with a 24% increase year over year, followed by financials. However, tech's boost cooled from a 54% jump reported last Monday by Oppenheimer Asset Management

Consumer services was the worst performer in the latest scorecard edition, with earnings down 6.9%.

Barring energy, all sectors posted higher sales year over year, led by health and technology, which delivered a nearly 12% jump each. Energy companies have so far seen flat revenue, according to the Oppenheimer data.

Another 135 S&P 500 companies are scheduled to release their quarterly results this week, the brokerage said.

Palantir Technologies ( PLTR ) is scheduled to release its results after the market closes on Monday. Advanced Micro Devices' ( AMD ) earnings report is due on Tuesday, while McDonald's (MCD) is scheduled for a Wednesday release.

The S&P 500 advanced 16.3% from the start of the year through the end of October, with tech, communications services, industrials and utilities outperforming the index, Oppenheimer data showed.

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