BRACING FOR DISASTER: Earnings Season Is Off To An Ugly Start, The Global Slowdown Is Hinting At A ‘Major Re-Alignment Of The Markets’, And A Third Round Of Deflation Could Be Just Around The Corner

Tuesday, April 23, 2013
By Paul Martin
April 22nd, 2013

Earnings Season Is Off To An Ugly Start
With 33% of the S&P 500 market cap having reported, earnings season has had mixed results thus far. Earnings are pacing 4.1% ahead of expectations – 2.8% excluding financials; company guidance was generally negative leading into earnings season, and thus companies are beating lowered estimates and “clearing low hurdles.” Early revenue results have been weaker than bottom-line numbers with revenues missing already lowered expectations by 0.3%. ….

The Ratio of Negative-to-Positive Guidance relative to Consensus Expectations is surging…

The Rest…HERE

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