Filed under: Earnings reports, Forecasts, Google (GOOG), Microsoft (MSFT), Ford Motor (F), Toyota Motor Corp. (TM), Nokia Corp. (NOK), Alcoa Inc (AA), AMR Corp (AMR), S and P 500, Delta Air Lines (DAL)
Quarterly earnings could be up year-over-year by the fourth quarter. A low threshold for improvement, as a result of last year’s Q3 financial meltdown, could set the stage for the appearance of a recovery, but the ride from here to there will be a difficult one.
Data from Bloomberg and S&P advocates that profits for stocks comprising the S&P 500 Index might be down 21% next quarter. It’s still a double-digit blow, but a better result than Q2’s estimated 34% — and far ahead of Q1’s 60% year-over-year fall in profits. The driver of a recovery, however concealed by low expectations, is likely to be a combination of unemployment and consumer spending. Last month, we saw unemployment reach a 26-year high, putting obvious constraints on purchasing.
Continue reading Q2 to be tough on earnings, but some improvement
Q2 to be tough on earnings, but some improvement originally appeared on BloggingStocks on Mon, 06 Jul 2009 09:30:00 EST. Please see our terms for use of feeds.
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