div > div.group > p:first-child"> There's good and bad news as we enter the heart of earnings season.
The bad news: there's a very large discrepancy between earnings and revenues, and that is likely a sign that cost pressures are starting to show up in the system. Indeed, in a recent survey of 23 companies that have reported first quarter earnings, FactSet noted that a high percentage cited some form of higher costs:Listen in on the conference calls or read the earnings reports of the companies that have reported so far, and you can see plenty of references to the impact of higher costs on the bottom line.
Costco March 7:"[W]e're still facing the headwinds from the U.S. wage increases to our hourly employees that went into effect last June 11, 2018."
This statement makes no sense. Earnings ae coming in much better but revenues are missing big time which is also a disconnect with GDP numbers
Rushed home to watch market close, saw this CNBC Tweet & thought “What genius at CNBC thought the article below was relevant to your target audience?” Don’t expect a reply JoeSquawk or jimiuorio but for God’s sakes, wake somebody up over there 👇🏻👇🏻
You mean that there aren’t enough costs to squeeze out given the lack of growth to continue earnings momentum..
Sooooooooo inflation?
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Source: CNBC - 🏆 12. / 72 Read more »