Here's why earnings are so outstanding even though the US economy is barely growing

2017-05-01T07:04:11-07:00

CNBC - 4/30/2017 - Evelyn Cheng - So far this earnings season, the less a U.S. company is exposed to America, the better its results. S&P 500 companies that generate more than half their revenue overseas are posting first-quarter earnings growth of 19.9 percent on average, double that of companies that conduct most of their business domestically, according to FactSet. About 60 percent of the S&P 500 has reported results. That helps explain the gap between the strong quarterly results and sluggish economic data like Friday's report showing U.S. GDP increased at just 0.7 percent in the first quarter, its slowest pace in three years. In fact, a CNBC analysis found that the difference between earnings per share growth and gross domestic product expansion in the first quarter is the widest since the third quarter of 2011. Read more @ http://www.cnbc.com/2017/04/30/heres-wh ... owing.html

Statistics: Posted by McFurd — Mon May 01, 2017 8:04 am

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Here's why earnings are so outstanding even though the US economy is barely growing