Wall Street Watch this Week: A Bummer Earnings Season Begins
Filed under: IBM, Google , Microsoft, Apple, eBay, Market News
Earnings season is here, and that’s not necessarily a good thing.
At least two market trackers — Thomson Reuters and S&P Capital IQ — have pointed out that the profitability of all of the S&P 500 companies is expected to post its first year-over-year decline in nearly three years.
Wait, there’s more: Investors have assumed that technology has been a hotbed of growth, bucking the general malaise in some stodgier sectors. Well, that’s not entirely true either.
FactSet published a …
Wall Street Watch this Week: A Bummer Earnings Season Begins originally appeared on DailyFinance.com on 2012-10-15T08:00:00Z.
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