Company earnings look like they will keep sliding through the third quarter [CNBC]
NATIONAL HOLDINGS CORP (NHLD)
US:NASDAQ Investor Relations:
nhldcorp.com
Company Research
Source: CNBC
Company earnings look like they will keep sliding through the third quarter The corporate earnings picture continues to deteriorate, with companies exposed to tariffs taking a particularly strong hit. As profit reports just start to trickle in, the expectations are getting worse. Forecasters already were indicating negative earnings growth for the second quarter, but the outlook also has swung into red numbers for the third quarter, according to the latest FactSet calculations. The data firm now estimates that the third quarter outlook has changed from a slight gain of 0.2% as recently as June 7 to a slight decline of 0.3% as of late last week. Including the Q1 0.3% decline and an expected drop of 2.6% in Q2, that would mark the first three-quarter pullback in profits in three years, during the earnings recession from Q4 2015-Q2 2016. While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the
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