Points, sending markets to levels not seen since early september. The heavy selling came after several household names reported weak Quarterly Financial reports and lowered their expectations for the rest of the year. 3m, dupont, and xerox were among those releasing disappointing results. Erika miller reports worries about revenues have cast a shadow over the profit picture. Reporter yes, its earnings season. But earnings are not the most important indicator this quarter. Its revenues how much money a Company Makes before expenses. Profits can go down, profits can go up. Sales, you want to see nice steady growth. And when you are seeing big drops in revenues and revenue misses, thats definitely a red flag. Reporter in the latest quarter, a slew of big name firms have reported higher earnings but lower revenues, including bank of america, ibm, 3m, morgan stanley, oracle, and walgreens. For most, the biggest problem is europe, where many countries are in recession. It doesnt help that th
Points, sending markets to levels not seen since early september. The heavy selling came after several household names reported weak Quarterly Financial reports and lowered their expectations for the rest of the year. 3m, dupont, and xerox were among those releasing disappointing results. Erika miller reports worries about revenues have cast a shadow over the profit picture. Reporter yes, its earnings season. But earnings are not the most important indicator this quarter. Its revenues how much money a Company Makes before expenses. Profits can go down, profits can go up. Sales, you want to see nice steady growth. And when you are seeing big drops in revenues and revenue misses, thats definitely a red flag. Reporter in the latest quarter, a slew of big name firms have reported higher earnings but lower revenues, including bank of america, ibm, 3m, morgan stanley, oracle, and walgreens. For most, the biggest problem is europe, where many countries are in recession. It doesnt help that th
26. 5, the s p dropped almost 21 points, sending markets to levels not seen since early september. The heavy selling came after several household names reported weak Quarterly Financial reports and lowered their expectations for the rest of the year. 3m, dupont, and xerox were among those releasing disappointing results. Erika miller reports worries about revenues have cast a shadow over the profit picture. Reporter yes, its earnings season. But earnings are not the most important indicator this quarter. Its revenues how much money a Company Makes before expenses. Profits can go down, profits can go up. Sales, you want to see nice steady growth. And when you are seeing big drops in revenues and revenue misses, thats definitely a red flag. Reporter in the latest quarter, a slew of big name firms have reported higher earnings but lower revenues, including bank of america, ibm, 3m, morgan stanley, oracle, and walgreens. For most, the biggest problem is europe, where many countries are in
Points, sending markets to levels not seen since early september. The heavy selling came after several household names reported weak Quarterly Financial reports and lowered their expectations for the rest of the year. 3m, dupont, and xerox were among those releasing disappointing results. Erika miller reports worries about revenues have cast a shadow over the profit picture. Reporter yes, its earnings season. But earnings are not the most important indicator this quarter. Its revenues how much money a Company Makes before expenses. Profits can go down, profits can go up. Sales, you want to see nice steady growth. And when you are seeing big drops in revenues and revenue misses, thats definitely a red flag. Reporter in the latest quarter, a slew of big name firms have reported higher earnings but lower revenues, including bank of america, ibm, 3m, morgan stanley, oracle, and walgreens. For most, the biggest problem is europe, where many countries are in recession. It doesnt help that th