Will Corporate Earnings Stay Strong?
We look back at the week's biggest earnings announcements.
A lot of mixed news crept into the economy during the second quarter of 2010. The underpinnings of the recovery began to look somewhat shaky as new economic data showed a weak employment market, stagnating consumption, and continued problems in the housing market.
But how did this apparent slowdown in growth during the quarter affect earnings? Sharply improved corporate profitability has been one of the bright spots of the recovery. Signs that businesses were able to perform well in the quarter could be a sign that the mixed economic indicators are a red herring and that the economy is still humming along.
Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.