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Stock impact report

Stocks Are Higher and Profits Lower, and Wall St. Needs to Square the Two [The New York Times]

AMTD IDEA Group American Depositary Shares, each representing one Class A Ordinary Share (AMTD) 
Last amtd idea group american depositary shares, each representing one class a ordinary share earnings: 4/22 04:01 pm Check Earnings Report
US:NYSE Investor Relations: amtd.com/investor-relations
DealBook Business and Policy There has been a divergence on Wall Street. As stocks have approached new highs, expectations for company profits have darkened considerably. earnings During the first three months of the year, Wall Street analysts slashed their forecasts for S&P 500 companies’ first-quarter earnings by 7.2 percent, according to the data provider FactSet. The forecasts typically fall as the quarter progresses and analysts get a better sense of how the es are performing. But the decline during the first quarter was more than double the typical drop, and the largest cut to earnings estimates during a quarter since the start of 2016. The analysts tracked by FactSet now expect companies in the S&P 500 as a whole to report that profits fell 4.2 percent from a year earlier. It’s a reflection of the slowing global economy, rising costs related to tariffs and wages, and the fact that tax cuts last year, which lifted growth substantially, are now baked in. The souring sentiment aro Show less Read more
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