Earnings Growth Disappears as Spending Cuts Hit Limit - Bloomberg

Earnings Growth Disappears as Spending Cuts Hit Limit - Bloomberg

“A lot of the earnings growth that we’ve seen has been related to cost reductions,” said Peter Jankovskis, co-chief investment officer for Oakbrook Investments in Lisle, Illinois, which manages more than $3 billion. “Now many of those cost reduction efforts have run their course. Without revenue growth, there is no room for profit to expand further.”