GDP May Have Slowed, but Earnings Didn't
Continued strength in corporate earnings shows there is still life in the recovery.
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.