This quarter’s earnings numbers are amazing

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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