Money
KevonLooney
•
6mo ago
•
91%
Companies are having their best earnings season in nearly 2 years
https://finance.yahoo.com/news/companies-are-having-their-best-earnings-season-in-nearly-2-years-170339652.htmlNet profit margins are pacing for 11.7% growth in the first quarter, above the five-year average of 11.5% growth and higher than the same period a year ago, per FactSet.
Largely, this has been driven by cost-cutting, not rising revenues. In 2023, investors cheered Big Tech's cost-cutting efforts that led to significant earnings growth. In 2024, companies outside the tech sector have tapped a similar playbook, setting up the rest of the index for earnings growth through the rest of the year.
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