Most strategists expect little improvement for the season, and analysts now forecast S&P 500 earnings falling 3.7% year-over-year in the first quarter of 2023 and 3.1% for the second quarter.
The darkening earnings picture bolsters the case for investors who believe the stock market's early-year rally is unlikely to last, adding to worries over how high the Federal Reserve will need to take interest rates in its fight to keep inflation on an easing trajectory. "The reality for equities is that monetary policy remains in restrictive territory in the context of an earnings recession that has now begun in earnest," wrote analysts at Morgan Stanley, including Michael Wilson, the bank’s U.S. equity strategist, in a Monday report.
Gonna be a challenge for the C-suite execs to get their multi-million bonuses this year, but I’m sure they can find a way to fleece it out of their workers and consumers
Companies rapidly slashing high-dollar employees, despite record profits, are shocked to find that spending has slumped.
Yeah they are asshooolllleee
Why does nobody think of the poor US companies?
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
BMW meets 2022 pretax earnings target -Focus magazine citing CFOBMW met its 2022 target for significantly higher pretax earnings than in the previous year, Focus Money magazine reported on Sunday, citing the German carmaker's chief financial officer.
स्रोत: Reuters - 🏆 2. / 97 और पढो »
BMW meets 2022 pretax earnings target, Focus magazine cites CFO as sayingBMW met its 2022 target for significantly higher pretax earnings than in the previous year, Focus Money magazine reported on Sunday, citing the German carmaker's chief financial officer.
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Australia's Aurizon cuts earnings forecast on prolonged wet weatherAustralia's Aurizon Holdings on Monday reported a 34% fall in its first-half underlying profit and slashed its annual core earnings forecast, as prolonged wet weather and a derailment dented the rail-haulage firm's freight volumes.
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Star Entertainment warns of up to $1.1 bln earnings hit, shares plumb record lowStar, which has been embroiled in a slew of government probes, said it expects to incur a charge if a proposed hike in the casino duty rate in New South Wales is implemented in its current form.
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Marathon earnings, CPI and Fed speeches top week aheadAn Apple artificial intelligence event as well as earnings from Biogen, Cisco Systems and Marriott Hotels set the stage for a busy week on Wall Street.
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Earnings roundup: Victory Capital profit down slightly in ’23This week’s roundup of financial reports for the quarter that ended Dec. 31, 2022,...
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