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Watch Art Cashin: Record profit margins 'stunning'

Thursday, 24 Oct 2013 | 12:54 PM ET
Cashin says: Record-high profit margins 'masterpiece of creative management'
Thursday, 24 Oct 2013 | 11:40 AM ET
CNBC's Bob Pisani and Art Cashin, of UBS, discuss what's trending on the biggest earnings day of the quarter.

Art Cashin says the record profit margins being reported by some companies are "absolutely stunning" and a "masterpiece of creative management."

Cashin, UBS' director of floor operations at the NYSE, told CNBC's Bob Pisani around midday that companies are also giving earnings per share a boost through stock buybacks.


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