S&P 500 companies’ earnings are expected to decline in the fourth quarter from the year-earlier period, which could be a second straight quarterly profit fall for the group, according to IBES data from Refinitiv. As of Tuesday, fourth-quarter earnings for the S&P 500 were expected to fall 0.1% from the year-earlier period, according to analysts’ forecasts compiled by Refinitiv. The latest estimate for fourth-quarter earnings is down sharply from 11.5% growth projected for the period as of the start of the year and down from 4.1% growth projected for the quarter as of Oct 1. …read more
Source:: Yahoo Finance
