dondon

Global Markets in Review: Risky Assets Surge

"64% of reporting companies beat the estimates." Was that due to top line performance or cost cutting? How many people did these companies lay off in order to beat? How many of these companies are hiring? If you lower your estimates to ridiculous levels and beat, it should not be looked at as a positive trend. What happens next quarter when top line growth is negative and the cost cutting can't continue? Will 64% of reporting companies beat the estimates?