Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

Q2 2020 Corporate Earnings and Revenues

This is a syndicated repost courtesy of True Economics. To view original, click here. Reposted with permission.

Factset latest data on STOXX600 earnings for 2Q 2020 is dire:

Liquidity moves markets!

Follow the money. Find the profits! 

Click to enlarge

 

In basic terms, earnings figures managed to beat estimates only because analysts’ expectations of earnings drop off were even more gloomy than the already dismal outrun.

Year-on-year revenues growth was also bad:

 

Notably, sharper declines in earnings compared to revenues implies little gains in terms of any productivity or efficiencies during the pandemic response.

 

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

Try Lee Adler's Technical Trader risk free for 90 days! Follow the money. Find the profits!

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.