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

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The revised expectations from the most popular sector come against a generally dismal backdrop for corporate profits.

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.

 

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