Analysts now expect the earnings recession to last through the third quarter

. FactSet Q3 estimates have dwindled from expectations for a 3.4% gain to the negative number now in the forecast.

The primary culprit for the downward trend has been weakness for multinational companies. FactSet recently estimated that companies that do more than half their business outside the U.S.in Q2. Those that do a majority of sales domestically were projected to see a 1.4% growth rate. In similar fashion, the lowered Q3 estimates are coming from sectors that have large international exposure — energy and information technology . Tech is ranked first on the S&P 500 in international exposure while energy is fourth.Companies that derive a high level of sales from overseas — think firms like

Ireland Ireland Latest News, Ireland Ireland Headlines

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

FedEx is a 'bottom-fishing' stock heading into earnings, technical analyst saysFedEx heads into earnings this week well off its highs, but one technical analyst says the worst could be over for the delivery company. TradingNation The state has entered into the political history of being a country but it is not possible to say that the state can survive and that the state is always charged with the drction of the crisis and the crisis will come espcially pltical prowess so if the stte probe cn stil be plyd
Source: CNBC - 🏆 12. / 72 Read more »