, Columnist
It’s a Perilous Environment for Corporate Earnings
Results have failed to resolve any of the more pressing issues confronting the stock market. Also, analysts’ estimates and the euro zone.
The outlook for earnings is hazy.
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Earnings season for the first quarter is more than halfway done. The salient point is that the results have not been bad enough to stop the U.S. stock market from getting back to an all-time high. But the numbers themselves, and the market’s reaction to them, suggest that this is a complicated and perilous environment.