Salient to Investors:
71 percent of 452 companies so far reporting exceeded analysts’ estimates, 60 percent missed on revenue.
Terry L. Morris at National Penn Investors Trust said the lack of sales growth is a surprise – companies have been beating on earnings because of cost cutting, but that can’t go on forever.
Read the full article at http://www.bloomberg.com/news/2012-11-10/u-s-stocks-have-worst-week-since-june-after-obama-win.html