The market is in denial about earnings. The story about small caps is that the Russell has consistently outpaced the growth rate for big caps since the second quarter '97, and the margin is widening.
More Quotes from Chuck Hill:
If a company says it's changing its long-term growth rate by 1 percent, that should be bigger news than if it missed its quarterly earnings per share by a penny. But it's not.Chuck Hill
Now we'll see if this time it's going to be different.
Chuck Hill
It's like somebody stuck their finger in there and pushed the pendulum to the pessimistic side, so it'll probably swing out further. So the back swing is probably going to have a lot more momentum than it would have had otherwise. The negative is the news is going to be worse in the short-term, but we're probably going to get over it sooner.
Chuck Hill
Overall, the quarter is going to be excellent. We think it will match the 23.6 percent earnings growth for the first quarter, which was the highest we'd seen since back in the fourth quarter of 1993. It's going to be a very good quarter for earnings despite all the pessimism here during the peak time of pre-announcements. But pre-announcements are running a little bit less negative than they usually do so I think it's a bit of an over-reaction.
Chuck Hill
The story on slowing earnings growth and revenue growth is not over.
Chuck Hill
If you discount the 12 cents a share currency loss, the company's earnings actually came in 2 cents above expectations.
Chuck Hill
Readers Who Like This Quotation Also Like:
Based on Keywords: outpacedOnce I'd chosen the songs, it seemed like it would just be a question then of recording them. But it's a case of trying to re-invent the songs; taking them in different directions.
Martin Gore
The wise man does not expose himself needlessly to danger, since there are few things for which he cares sufficiently; but he is willing, in great crises, to give even his life - knowing that under certain conditions it is not worthwhile to live.
Aristotle
I love Australia. My dream would be to have a place to live there and be able to commute back and forth.
Sarah Michelle Gellar