Market rewards “revenue beaters” more than “cost cutters” during strong earnings season

- "The results are in: with 443 stocks and 89% of market cap reporting, the S&P 500 closed out a strong first half as 52% of companies beat estimates by at least 1 standard deviation, in-line with 1Q 2010, but above the historical average of 41%. The market rewarded those firms positively surprising on both top and bottom line (“revenue beaters”) more than just bottom-line surprises (“cost cutters”)."

GoldmanSachs US Weekly Kickstart 20100806