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Analysis: Stronger earnings prove pessimists wrong
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Apr 23, 2012
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NEW YORK (Reuters) - Wall Street may have written off corporate America too quickly. In the early stages of the first-quarter reporting season, U.S. companies have beaten earnings forecasts at a rate of 79 percent. They have beaten revenue forecasts at a rate of 76 percent and expectations for overall corporate profit growth have climbed in a few short weeks, based on Thomson Reuters data for results through Monday. Earnings reports so far show that economic weakness in the euro zone and a slowdown in parts of the Chinese economy have not hurt sales and margins as feared. ...
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