Profit Recession Ends as a Challenging Holiday Season Begins
- Flurry of retail earnings to give latest update on consumer
- Profits are up 4% year-over-year for S&P 500 for third quarter
This article is for subscribers only.
As earnings season draws to a close, so does the S&P 500 Index’s profit recession. But that doesn’t mean the coast is clear for Corporate America.
Yes, profits are up 4% year-over-year with over 90% of S&P 500 firms having reported results for the third quarter, meaning a three-quarter streak of earnings declines is likely done, data compiled by Bloomberg Intelligence show.