It’s Not Just About China: Company Profits to Drop—Again Reviewed by Momizat on . Earnings Season Likely to Confirm U.S. Profit Recession Major U.S. companies stand a good chance of reporting fourth-quarter results that show earnings have fal Earnings Season Likely to Confirm U.S. Profit Recession Major U.S. companies stand a good chance of reporting fourth-quarter results that show earnings have fal Rating: 0
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It’s Not Just About China: Company Profits to Drop—Again

droppingprofitsEarnings Season Likely to Confirm U.S. Profit Recession

Major U.S. companies stand a good chance of reporting fourth-quarter results that show earnings have fallen two quarters in a row, marking a recession.  Forecasts call for a 4.2% decline in earnings and a 3.2% decrease in revenue for companies in the Standard & Poor’s 500 index.  Bernard Condon, AP business writer, discusses the issues and what to expect.

To read the full article in ABC News, click: It’s Not Just About China: Company Profits to Drop—Again.

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