Tag: Q3 2012Sort
First Decline in Earnings since Third Quarter 2009
It's ugly out there and it could get worse.
Dismal U.S. corporate outlooks and worries about slower worldwide growth have pushed third-quarter earnings estimates into negative territory, which, if it came to pass, would be the first drop in three years.
Third-quarter earnings of Standard & Poor's 500 (^GSPC) companies are now expected to fall 0.1 percent from a year ago, a sharp revision from the July 1 forecast of 3.1 percent growth, Thomson Reuters data showed on Thursday.