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 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.
