Results season may start on shares good wash!
Two weeks ongoing earnings season for U.S. equity markets yet the Bulls celebrated great successes. Although many companies reports record profits, revenues at the gathering being the biggest disappointment with the results from the first quarter of 2009. Investment strategists expect shares because the period of increased volatility.
"Weak economic background in the last two weeks is definitely not a recipe for success," said Art Hogan, managing director of Lazard Capital Markets. "In the next two weeks we will know more when the results will be published heavyweights," says Hogan, adding that developments suggest that the markets will come soon turn to how stocks have been the worst week so far this year.
According to analysts Bespoke company beat estimates at the level of its net profit only in 58.0% of cases. This is the same as in the previous quarter. At the level of sales but the result is much worse. Here estimates surpassed only by 43.9%, which is not the worst result since the earnings season in the first quarter of 2009 ...
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