With half the index reporting, R2000 3Q25 YoY earnings are up 13.2%, (same as last week) vs 0.3% expectations (for the 54% of companies reporting). Top line growth is up 4.3% YoY (down from 5.6% last week). 68% of companies are beating earnings expectations (same as last week) while 67% are beating top line estimates (same as last week). Expectations for the fully reported quarter are currently running up 9%, which we believe will prove accurate.