But interest rates have been steady to lower, and earnings continue to come in as expected or better.

This kind of economic growth would help corporate earnings continue to rise and support stocks.

"If earnings continue to go up, the stock will follow," he said.

In 35 years, earnings per share will pass $6 and continue to increase.

But after the first year or two, he added, the company's earnings should bounce back and continue to grow.

Revenues and earnings continued to grow into the mid-70s but at a slower rate.

And as I pointed out earlier, expected earnings growth over the longer run continues to be elevated.

The company said earnings from overseas operations "continued at a record level" but did not elaborate.

And some analysts say earnings will continue to be strong next year.

Workers' average hourly earnings continued to rise at a strong pace.