From the investment management firm First Trust comes this bit of earnings analysis.
Of the more than 450 companies in the S&P 500 that have reported Q2’13 earnings, 65% topped their bottom-line estimates, but only 54% beat top-line estimates, according to S&P Capital IQ. At this stage of the recovery, Companies have cut costs about as much as they possibly can, according to Jeffery Saut, chief investment strategist at Raymond James Financial. Saut believes that the economic activity is going to pick up moving forward. Thomson Reuters expects revenue growth among S&P 500 companies to rise 2.2% in the second half of 2013, and 3.9% in the first half of 2014, according to ChiefExecutive.net. That compares favorably to the 0.8% growth posted in the first half of 2013.