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Stock impact report

How bad will earnings be? Nobody really knows [CNNMoney.com]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
Company Research Source: CNNMoney.com
How bad will earnings be? Nobody really knows A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here . New York (CNN Business) Corporate America is getting hit hard by the Covid-19 pandemic. Many businesses, particularly retailers and restaurants , are closed. The airline , hospitality and auto industries have ground to a halt. With that in mind, earnings for the first quarter — and the remainder of 2020 — are likely to be bleak. From a markets perspective, stocks have rebounded so far in April on hopes that the death toll from coronavirus may be slowing. But have investors — and analysts — failed to factor in just how bad things will get for earnings and the economy ?According to estimates from FactSet, earnings for S&P 500 companies are expected to fall 10% in the first quarter compared to a year ago. That would be the worst performance since a more than 15% decline in the third quarter of 2009 Show less Read more
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