Tech companies haven't been this negative about a quarter in six years

div > div.group > p:first-child"> Tech companies are bracing investors for what could be the worst quarter from a revenue perspective in more than six years.

Earnings in 2018 were stellar, with the S&P 500 reporting a 20 percent gain thanks in large part to a 112.4 percent surge in energy. Technology stocks were near the back of the pack among the 11 index sectors, with a 14 percent increase from 2017. Apple and Intel have been the biggest contributors to the negative EPS picture, which has seen expectations for the sector to go from a 3 percent Q1 drop to a 10.7 percent slide.

$spx just started to correct +23% rally 2346-2860

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

BlackRock's $1.3 billion tech deal highlights the asset manager's ambitions to be a tech company — and hints at its futureThe deal fits with BlackRock's push into technology and illiquid alternatives, like private equity and real estate.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Apple belatedly jumps into the streaming TV businessIn the age of Netflix and binge, will Apple’s TV and movie streaming service latch on to a hungry audience?
Источник: trtworld - 🏆 101. / 63 Прочитайте больше »