Analysis: Investors brace for shaky U. S. earnings season
NEW YORK (Reuters) – Earnings season begins on Monday with U. S. companies facing a litany of issues that could make second-quarter reports look dismal. Corporate outlooks are at their most negative in nearly four years and companies that have already reported have shown lackluster growth. Nearly two dozen S&P firms have already cited Europe’s woes – which seem to be worsening – as a concern. In addition, more than 85 members of the Standard & Poor’s 500 lowered expectations in the last several weeks and the quarter’s expected earnings growth of 5. . . .
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