It’s going to be an ugly fourth quarter earnings season in the U.S., with tech-giant Apple expected to post its first profit decline in nine years. Furthermore, profit growth estimates for the S&P 500 have been slashed in half since October to 4.7%, according to S&P Capital IQ. And even lower by FactSet, which sees growth at a meager 3.5%. Financials are forecasted to have the lowest earnings growth, while materials have seen the largest downgrade in estimates.
Apple's Profit To Fall For The First Time In 9 Years In Q4, Financials To Shine
Forbes - 7 Dec 2012 22:20
It’s going to be an ugly fourth quarter earnings season in the U.S., with tech-giant Apple expected to post its first profit decline in nine years. Furthermore, profit growth estimates for the S&P 500 have been slashed in half since October to 4.7%, according to S&P Capital IQ. And even lower by FactSet, which sees growth at a meager 3.5%. Financials are forecasted to have the lowest earnings growth, while materials have seen the largest downgrade in estimates.
Share this Article
Recommended