Do spring profits foreshadow an earnings winter?

  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 92%

Business News News

Business Business Latest News,Business Business Headlines

Spring is about new growth. Except, it appears, for American bottom lines

500 firms start reporting first-quarter results, FactSet, a data firm, estimates that their total earnings per share fell for the first time since 2016, by 4.2% year on year. Last year profits were fertilised by President Donald Trump’s tax giveaway.

Now margins are shrinking and the world economy has slowed. After upward revisions a year ago, profit forecasters have been pruning rosy predictions for 2019 and 2020. Still, they are not expecting a prolonged earnings winter. Corporate America looks ever the hardy perennial.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

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

Levi Strauss swings to profit in its first earnings release since IPOFor the first-quarter Levi reported earnings per share of 37 cents on revenue of $1.44 billion. Jeans always grow in a depression.
Source: CNBC - 🏆 12. / 72 Read more »

Risk of earnings recession rises, as S&P 500 profits to fall for first time in 3 yearsInvestors should start bracing themselves for an earnings recession, with first-quarter numbers for the S&P 500 expected to suffer the first decline in nearly three years
Source: MarketWatch - 🏆 3. / 97 Read more »