Yesterday (October 23) The Washington Post published an article titled “Stocks sink as companies report weak revenue…” that contained various notable commentary with regard to weak revenue and related issues.
Three notable excerpts include:
The Dow Jones industrial average plunged Tuesday to its lowest level in nearly seven weeks. Big-name companies reported weak quarterly revenue and lowered their forecasts for the rest of the year.
Companies of all stripes signaled that the economy is far from healed, and that demand is weaker than a year ago. Revenue fell compared with a year ago at DuPont, 3M, UPS and Xerox.
And of 123 companies in the S&P 500 that had reported as of Monday, only 38 percent beat expectations on revenue, according to John Butters, senior earnings analyst at FactSet, a provider of financial data.
That’s far below the average of the past four years of about 56 percent. It’s also the lowest proportion since the first quarter of 2009, when the stock market hit its lowest point of the Great Recession.
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StratX, LLC is a management consulting firm and strategic advisory that focuses on the analysis of current and future weak(ening) economic conditions, and offers businesses and other entities advice, strategies, and actionable methods on how to optimally adapt to such challenging, complex conditions.