he is douglas cliggott, the u.s. equity strategist who joins us tonight from boston.welcome back to "nightly business report." >> thank you, tom. it's great to be here. >> tom: so what's the problem with earnings that you see? >> well, i think looking backward, there really isn't a problem, tom. there have been -- growth has been very, very strong. it's more when we dig into the details that actual earnings growth numbers have been much, much stronger than revenue growth. and we think of the equity market as just this incredible information processing machine. it is always looking ahead. and so when we look at indicators that have historically be a good guide to the future, six, nine months out, they're pointing to a much slower revenue growth profile. and if revenue growth slows down, we think earnings will slow down even sharper. >> tom: douglas, let's give folks a starting point. earnings up 38% year-over-year so far in the second quarter. there is the top-line figure, revenues up just 10%. this kind of clearly highlights your concern. >> and i think that's a criti

he's douglas cliggott, u.s. equity strategist at credit suisse. >> suzanne: a week after mark hurd's sudden resignation from h.p., the company's board of directors is being sued. filed on behalf of a massachusetts retirement fund that owns shares of h.p., the lawsuit includes hurd and interim c.e.o. catherine lesjak. the suit claims h.p.'s board had a duty to tell shareholders hurd was part of a sexual harassment investigation. no comment tonight from h.p. or hurd. >> tom: "make my trip" made a big arrival today on wall street, posting the best first- day gain for an initial public offering in almost three years. the indian online travel company soared nearly 90% in its debut on the nasdaq. market watchers think "make my trip" was a hot ticket because there are so few u.s. listed firms focused on india's growing online market. >> suzanne: many college and high school students find internships are a good way to get real work experience. it's estimated half of all college grads have been interns, often for no pay.