As a follow-up to the daily post's blurbs on banks and energy, I wanted to lay out a few bullet points on this earnings season in the US. The long and short is that this has been a very good season, both in terms of earnings growth and revenue growth.
For me, it's the top line growth that is most telling because earnings can be massaged or flattered by share buybacks. When the top line is growing robustly, it says underlying sales momentum is positive.
Given the top line growth, I would also e...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.