Perspectives Blog

Second quarter U.S. corporate earnings wrap-up

Tom West, Director of Equity Research | August 18, 2014

…the bigger pockets of earnings, making the aggregate earnings number come out a bit better. Healthcare came in pretty strong, and consumer staples, while not showing much revenue growth, came in with good margin performance. Industrials were a source of disappointment, while poor old tech showed some life. In the technology sector, second quarter spending improved moderately over the first quarter, which turned out to be down year over year in t…

Second quarter earnings preview

Tom West, Director of Equity Research | June 30, 2014

…nary industries, will pricing hold up amid flattish demand and a tepid wage growth? These basic themes have been in place for a while, but we do see a little more shifting and variations on the theme at the sector level. With industrials having modestly underperformed this year (+3% vs. S&P 500 of +6%), investors will be looking for confirmation that revenue growth is picking up given that estimates for 2014 are back half weighted (1H consens…