On the surface, fourth quarter
earnings season looks set to deliver another stream of modest profit
growth, poor sales growth, and an abundance of companies that beat
analyst expectations that have been sharply reduced.
And
yet beneath the surface of this all-too-familiar charade lies a
different story, says John Butters, senior earnings analyst at FactSet. A
story where hidden pockets of excellence have a way of distorting the
big picture.
“The overall
growth rate for the quarter (for the S&P 500) is six percent, but
really it’s a story of the financial sector,” Butters says in the
attached video. (more)
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