Skip to content
Subscriber Only

Earnings: Not So Gloomy After All

Outside of big financial firms, most companies posted solid Q4 profits. Looking ahead, investors are bracing for bad news

Amid all the worries about a U.S. recession and multibillion-dollar credit losses for financial firms, it's easy to lose sight of one fact: Most corporations are still making a lot of money.

The current fourth-quarter earnings season, in which corporations report results for the final three months of the 2007 calendar year, is mostly over. At first glance, the results look terrible, fulfilling the expectations of a stock market that has tumbled 12% in two months.