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  • An Earnings "Beat" is Now Always Good

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An Earnings "Beat" is Now Always Good

An Earnings "Beat" is Now Always Good

"One has to compare the net income reported versus cash flow, and certainly if you look at the S&P 500 there's been quite a divergence between operating cash flow and the net income reported," Julian Pendock from Senhouse Capital said Friday. He added that the worst offenders of this were banks.

CNBC | July 31, 2009Watch more videos from CNBC

Tags:. .offenders. .julian. .divergence

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