© Reuters. FILE PHOTO: Merchants work on the ground of the New York Inventory Alternate (NYSE) in New York Metropolis, U.S., March 16, 2023. REUTERS/Brendan McDermid
NEW YORK (Reuters) – With quarterly U.S. earnings simply getting below means Friday with upbeat outcomes from JPMorgan Chase & Co (NYSE:) and different banks, estimates for the primary quarter have improved barely from every week in the past, in keeping with Refinitiv information launched Friday.
Together with precise outcomes for 30 of the corporations and estimates for the remaining, analysts now count on earnings in mixture to have declined 4.8% within the first quarter of 2023 from the year-ago interval. That compares with their week-ago forecast for a 5.2% decline within the quarter.
S&P 500 earnings fell 3.2% year-over-year within the fourth quarter of 2022, primarily based on Refinitiv information.
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