A shockingly low 30% of S&P 500 firms beat revenue expectations in the prior quarter
The critical question is – how much more fat is there to cut? With Sales (and outlooks) so weak, how many more jobs need to be cut to meet margin expectations? 2013 top- and bottom-line (+13.6% EPS growth) expectations remain magnificent in their optimism – do you believe in miracles?
So if Obamacare increases the cost of each employee to a company, and sales continue to decline, largely as a result of persistent unemployment as a result of previous Obama policies – how many more jobs need to be cut to meet margin expectations indeed….
Zero Hedge
Reblogged this on catherinephung.