The August 17 edition of Business Week, p19 had a column titled “A Record Revenue Decline.” It can be found here at the bottom of the page:
This line is especially noteworthy: “This marks the first time since S&P started tracking quarterly revenues (in 1993) that revenues dipped 10% or more for three quarters in a row.”
Although the idea of lumping all S&P500 revenues together is perhaps not an optimal way to look at this situation, it still would seem to indicate that the situation with regard to falling revenues is very significant.
As I have commented previously, companies experiencing double-digit revenue declines make for a very challenging and stressful environment, especially as these double-digit declines continue each quarter.
SPX at 1003.52 as this post is written