Today, Barron’s had a blog post titled “Companies Beating Q3 Earnings Expectations, But Revenue is Worrisome.” The post discusses the earnings and revenue figures being reported for the 3rd quarter.
A couple of notable excerpts include:
Right now, S&P 500 earnings are on track to rise 1.1% year-over-year, based on results that were already reported through Thursday morning and expectations for results that will come out soon.
But there’s a bigger problem that this earnings season is revealing: revenue growth is still anemic, after rising just 1.9% in the second quarter. So far this quarter, S&P 500 have posted 1.2% revenue growth.
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