FYI: The U.S.’s biggest public companies are warning that their earnings may not be as strong as they hoped this year, intensifying pressure on a bull market that has struggled to regain its footing.
Firms in the S&P 500 were projected back in September to report fourth-quarter earnings growth of 17% from the year earlier.
But dimmer expectations for global growth and disappointing holiday sales have forced many companies to slash their forecasts, pushing the estimated earnings-growth rate for the quarter closer to 11%, according to FactSet.
Regards,
Ted
https://www.wsj.com/articles/slowing-earnings-growth-gloomy-forecasts-add-to-stock-markets-woes-11547384401?mod=hp_lead_pos1
