BofA warns ‘guidance could be ugly’ as companies report on ‘make-or-break quarter’

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As companies kick off reporting of their third-quarter results, investors will be on the lookout for signs of supply-chain problems potentially eating away at profit margins, BofA analysts say.

Investors are turning their focus this week on a “make-or-break quarter” for company earnings, according to BofA Global Research.

“Several companies have recently issued negative pre-announcements, mostly concentrated in consumer, materials and industrials, amid the supply-chain issues,” the BofA analysts said.

 

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