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US on track for worst corporate quarter since financial crisis
A drop in US corporate profits in the first quarter underscores a dire year for blue-chips but has failed to dent the optimism underpinning a bumper rally in the stock market. Companies in the S&P 500 are on pace to trim earnings per share by 14 per cent for the first quarter, which would be the largest annual decline in the index since the third quarter of 2009, according to FactSet. Two-thirds of companies that have reported so far have exceeded analyst estimates, with technology and healthcare companies among the best performing, according to Financial Times analysis.
https://finance.yahoo.com/m/394f128...be57da31/us-on-track-for-worst.html?.tsrc=rss
A drop in US corporate profits in the first quarter underscores a dire year for blue-chips but has failed to dent the optimism underpinning a bumper rally in the stock market. Companies in the S&P 500 are on pace to trim earnings per share by 14 per cent for the first quarter, which would be the largest annual decline in the index since the third quarter of 2009, according to FactSet. Two-thirds of companies that have reported so far have exceeded analyst estimates, with technology and healthcare companies among the best performing, according to Financial Times analysis.
https://finance.yahoo.com/m/394f128...be57da31/us-on-track-for-worst.html?.tsrc=rss
