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Economy
In reply to the discussion: Weekend Economists Revelations and Reviews April 26-28, 2013 [View all]xchrom
(108,903 posts)50. EARNINGS REPORT: GOOD PROFITS, BAD REVENUES
http://hosted.ap.org/dynamic/stories/U/US_WALL_STREET_WEEK_AHEAD?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-04-28-12-38-26
NEW YORK (AP) -- Procter & Gamble had been on a tear.
The company's stock had climbed 22 percent since the start of the year as the maker of Tide detergent and Crest toothpaste turned in better profits for two quarters in a row. Last Thursday, P&G reported even higher earnings. And its stock immediately dropped 6 percent.
What happened? Like so many other big companies reporting results recently, P&G hit its target for earnings but missed on revenue. Nearly halfway through the first-quarter earnings season, Corporate America is still reporting solid profits, with seven of every ten big companies hurdling over Wall Street's expectations. Sales, however, are another story.
Nearly the same proportion of big companies - six out of ten - have fallen short of revenue targets, according to S&P Capital IQ. The tally so far looks grim: Revenue has shrunk 2.4 percent compared with last year.
NEW YORK (AP) -- Procter & Gamble had been on a tear.
The company's stock had climbed 22 percent since the start of the year as the maker of Tide detergent and Crest toothpaste turned in better profits for two quarters in a row. Last Thursday, P&G reported even higher earnings. And its stock immediately dropped 6 percent.
What happened? Like so many other big companies reporting results recently, P&G hit its target for earnings but missed on revenue. Nearly halfway through the first-quarter earnings season, Corporate America is still reporting solid profits, with seven of every ten big companies hurdling over Wall Street's expectations. Sales, however, are another story.
Nearly the same proportion of big companies - six out of ten - have fallen short of revenue targets, according to S&P Capital IQ. The tally so far looks grim: Revenue has shrunk 2.4 percent compared with last year.
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I see someone noticed that we noticed they were not posting bank failures, well done.
kickysnana
Apr 2013
#17
Our new Chair of the Florida Democratic Party was a lobbyist for ChoicePoint in 2000.
Fuddnik
Apr 2013
#31
Also ex-mployees who have survived the worst will not do anything to keep their jobs.
kickysnana
Apr 2013
#18