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GDP May Have Slowed, but Earnings Didn't

Continued strength in corporate earnings shows there is still life in the recovery.

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The gross domestic product numbers released Friday showed that the economy was growing at a slower pace in the second quarter than the first, but you'd be hard-pressed to see signs of the slowdown in corporate earnings.

Yet again, the vast majority of firms that reported second-quarter results beat analyst expectations as global demand remained resilient and cost-cutting measures improved profitability.

Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.