Amazing, since the majority of earnings reports show losses in the top line (revenue). Only continuing cost cutting made it possible for companies to meet estimates on the bottom line (earnings per share), which means they cut employment and did not invest in new equipment etc. No economy grows with that burden, and ObamaCare hasn’t kicked in yet.
What a disaster Obama has brought on our economy!
Very good statement on quarterly earnings.
The news focus is on profits.
But revenues? Down for most part.
GP and EPS growth is good news to the stockholders (and nothing wrong with that).
But jobs and economy growth come from the top line. And this quarter was terrible for revenues.