Earnings Season Set to Confirm U.S. Slipping Into Profit Recession
Worst earnings season since 2009 expected
JPMorgan 4Q Profit Rises 10%: Inside the Numbers
This article is for subscribers only.
As the fourth-quarter earnings season kicks off this week, results for S&P 500 companies are expected to show a decline in profits for a third quarter in a row, confirming that corporate America has slipped into an earnings recession.
Profits are expected to have dropped by 7.2 percent in the fourth quarter on a share-weighted basis, according to data compiled by Bloomberg, while revenues are expected to have fallen by 3.1 percent. This would represent the worst earnings season since the third quarter of 2009. Profits fell by 1.7 percent in the second quarter last year and by 3.1 percent in the third quarter.