Dismal U.S. corporate outlooks and worries about slower worldwide growth have pushed Q3 earnings estimates into negative territory, which, if they hold true, would mean that earnings for S&P 500 companies would fall 0.1% Y/Y, a sharp revision from earlier forecasts of 3.1% growth and the first decline in three years.
via CNBC:
It’s ugly out there and it could get worse.
Dismal U.S. corporate outlooksand worries about slower worldwide growth have pushed [...]
