Global S&P firms see higher earnings growth
Firms in the US index with greater global exposure saw significantly higher earnings growth
With more than 90% of S&P 500 companies having reported Q1 2017 results, FactSet asks the question: did firms with more global revenue exposure outperform or underperform?
The answer is clear as firms with more than 50% of sales outside of the US reported 20.9% growth, versus companies with more than half of sales inside the US, which reported 9.9%.
The largest contributors to the higher revenue growth for firms with more global exposure were in the IT and energy sectors.