What to watch in third quarter earnings from U.S. companies

  • 📰 Reuters
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

U.S. companies are preparing to report third-quarter results following a rocky f...

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.

Analysts are forecasting a 3.2% decline in earnings for the quarter from a year ago, based on IBES data from Refinitiv, although given the historic trend that many companies’ earnings will surpass analyst estimates, the quarter could end in positive territory. Materials and energy, two cyclical sectors that are particularly sensitive to the overall economy as well as the trade dispute, also are forecasted to post big year-over-year declines in earnings. The biggest U.S. banks are also expected to report a slight earnings dip.

During the second quarter, 17% of S&P 500 companies mentioned negative impacts from the tariffs, according to Bank of America Merrill Lynch strategists.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ready to be shocked ? This won’t be pretty,America is in a recession right now,this week will prove it and remember these companies have fudged the numbers to make it look better than it really is.The Trump economy.

👍🇨🇦

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:

 /  🏆 2. in İE

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.

China casts a long shadow over stocks as earnings season opens next weekThe third quarter earnings season will kick off at in earnest next week with the first reports expected Tuesday from big banks JPMorgan, Goldman Sachs and...
Source: MarketWatch - 🏆 3. / 97 Read more »

Paid Program: Market Movers: Q3 Bank EarningsBank stocks were a on roller coaster ride in Q3. The Fed cut rates twice, the U.S.-China trade war was anything but nice and market sentiment was on edge.
Source: MarketWatch - 🏆 3. / 97 Read more »

Earnings season kick off this week. Here are 6 companies to watch — and what to look out for.Goldman Sachs, Wells Fargo, and JPMorgan kick off the first day of third-quarter earnings season. Netflix will look to recover from its last report. FEDERAL RESERVE prints money put of thin air stop the printing presses of the fed and watch all these banks collapse imo. . who really cares imo,,, END THE FED AUDIT THE FED! imo
Source: BusinessInsider - 🏆 729. / 51 Read more »