U.S. companies face more pain as expected ‘earnings recession’ looms

, which Credit Suisse estimates will be the worst earnings season outside of a recession in 24 years.

Fourth-quarter results are in already from 344 of the S&P 500 companies, and the quarter’s earnings are estimated at this point to have fallen 2.8 per cent from the year-ago period, according to IBES data from Refinitiv. “What’s clear is the speed with which the 2023 numbers are falling is just worse than ,” said Jonathan Golub, chief U.S. equity strategist & head of quantitative research at Credit Suisse Securities in New York.

The S&P 500 notched its biggest percentage weekly decline since mid-December last week, though the index is up about 7 per cent for the year to date.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

The Week Ahead: Earnings from Air Canada, Coca-Cola - BNN BloombergA look at what investors will be watching in the upcoming week.
Sumber: BNNBloomberg - 🏆 83. / 50 Baca lebih lajut »

This $700K Toronto townhome is back on the market for over $50K less than it was purchased for last yearThis $700K condo townhome is back on the market for over $50K less than it was purchased for last year. Realtor Othneil Litchmore believes the owner did renovations and is now putting the unit back on the market at a lower price to drive a bidding war. Still overpriced by 650k Hope they take a bath. still 50% overpriced
Sumber: TorontoStar - 🏆 60. / 55 Baca lebih lajut »