The bad news is that the percentage of companies beating earnings is the lowest it’s been since 2015.
The good news, at least in the short term, is that not bad might be good enough.
Google, which missed on the top and bottom line for the second quarter, is up 3% in the after hours. The stock was down 30% from its highs going into the print, so it appears that investors had discounted the disappointment.
GoogleR…
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