What to watch in third quarter earnings from US companies

NEW YORK: U.S. companies are preparing to report third-quarter results following a rocky few months in which they grappled with a U.S.-China trade conflict undermining the business environment and an overall economy that has been showing signs of struggling.

Sector-wise, a rough quarter is expected for technology companies , whose shares have led the market's ascent this year but overall are seen posting a 7.6per cent drop in third-quarter earnings, with Micron Technology's results expected to be a particularly big drag on the group, according to Refinitiv.

An equal-weighted basket of companies impacted by the trade war, created by Barclays, has underperformed the S&P 500 since the end of the second quarter through Thursday.

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.

US outlines 'Phase 1' trade deal with China, suspends October tariff hike[WASHINGTON] US President Donald Trump on Friday outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, but officials on both sides said much more work needed to be done before an accord could be agreed. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »