U.S.: What Could Spoil The Profits Party
It's getting tougher to make a buck. Throughout this six-year expansion, Corporate America has been on a roll, as massive cost-cutting and efficiency gains have boosted not just profits but also the ability to squeeze more earnings from a unit of output. In coming quarters, however, the economic climate is shaping up to be a lot less profit-friendly, especially with regard to costs. And investors who have gotten used to double-digit gains in earnings may have to lower their expectations to single-digit territory.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.