Connect with us
  • tg

Stock Markets

Another boost to U.S. earnings puts Q1 view at flat vs year ago

letizo News

Published

on

After a series of much stronger-than-expected results this reporting period, S&P 500 companies look like they will end up with first-quarter earnings essentially unchanged from a year ago.

Based on Refinitiv data Friday that included results from 494 of the S&P 500, earnings now are estimated to have dipped just 0.01% year over year.

That was an improvement from a week ago, when the estimated earnings decline was at 0.1%. At the start of April, analysts had forecast a 5.1% drop in earnings for the quarter.

If the estimate stays at the current level, the first quarter still would technically mark a second straight quarterly fall for U.S. corporate earnings, or an “earnings recession,” which last occurred when COVID-19 hit corporate results in 2020.

Among companies that handily beat analysts’ earnings expectations when they reported this week was NetApp Inc (NASDAQ:NTAP).

Stock Markets

Fed’s Goolsbee speech, IMF meetings highlight Monday’s economic calendar

letizo News

Published

on

Continue Reading

Stock Markets

Capital One, Discover deal approved by US bank regulators

letizo News

Published

on

Continue Reading

Stock Markets

AI TRANSPORTATION ACQUISITION CORP ANNOUNCES DELISTING FROM NASDAQ AND EXPECTED SEC DEREGISTRATION

letizo News

Published

on

Continue Reading

Trending

©2021-2024 Letizo All Rights Reserved