5 prominent U.S. companies are most at fault for the earnings recession

Financial results from the calendar second quarter showed earnings for S&P 500 SPX, -0.14% components falling for the second consecutive quarter, a trend referred to as an earnings recession. Profits dropped 0.35% in the second quarter, based on companies that were in the index as of the end of the previous earnings season, following a 0.29% decline in the first quarter.

While Exxon’s earnings drop wasn’t the largest within the energy sector, the market-cap weighting of the S&P 500 means that the company’s results have a sizable impact on the index’s overall earnings performance. For example, Noble Energy Inc. NBL, -0.68% suffered a 158% drop in earnings for the second quarter, but its result had a comparably minor effect on S&P 500 profits. Exxon is nearly 30 times the size of Noble.

1. 1v. ?

$MU Interesting Micron gave a buy on our system in July 2019 and has done nothing with it so far, indeed it's gone back into the cloud. See chart. Key: above the cloud 'Buy' below 'Sell'. A hold for the time being. NASDAQ fintech fintwit investment investing trading

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What to watch in third quarter earnings from U.S. companiesU.S. companies are preparing to report third-quarter results following a rocky f... 👍🇨🇦 Ready to be shocked ? This won’t be pretty,America is in a recession right now,this week will prove it and remember these companies have fudged the numbers to make it look better than it really is.The Trump economy.
Source: Reuters - 🏆 2. / 97 Read more »

These 12 stocks are likely to smash earnings forecasts for the 9th quarter in a row, one Wall Street firm saysThousands of companies are set to begin reporting third-quarter earnings throughout the coming weeks.
Source: BusinessInsider - 🏆 729. / 51 Read more »