Companies reporting earnings but not top line Revenue growth! We are still in a recession.
I have been watching the earnings reports come in this week and last and specifically looking at the revenue numbers of each company. Even though many companies are beating EPS (Earnings per Share) compared to last year, the real story is that most companies are reporting less Revenue this year than last year, say but a few. Th companies defying that trend are the Pharmaceuticals. Both Pfizer and Elli Lilly saw good gains in Revenue. Lilly reported this morning a 7% gain in top line Revenue as compared to last year.
Still don't think we need major heath care reform?!
Still don't think we need major heath care reform?!
posted by Charles Amico at 6:04 AM
2 Comments:
Charles, have you seen this from Barry Rittholz ?
http://www.ritholtz.com/blog/2009/10/comparing-1974-75-and-1938-39-vs-2009/
Two interesting charts he has reproduced. / jw
I hadn't seen it but I agree with some comments form the site. You can't compare the 2 charts. But thanks for sending it to me.
Overall market went back below 10,000 again today so the 10,000 level is proving resistance is strong for going higher.
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