13th Dec 2018, Chris De Leva
US earnings season delivers, but raises questions about future growth
Key Points:
- Q3 US Earnings season was strong with 410 of the S&P 500 stock index beating consensus expectations.
- What wasn’t so strong was earnings guidance, which has led the market to downgrade future earnings expectations.
- While the outlook for US earnings looks less certain, we take some comfort from macroeconomic data which paints a solid picture of economic expansion.