For a brief, shining moment, the outlook had been for continued growth in earnings, but global...

|By:, SA News Editor

For a brief, shining moment, the outlook had been for continued growth in earnings, but global weakness is forcing U.S. firms to cut costs and cut guidance; the ratio of negative-to-positive Q3 forecasts is the most negative since 2001. Analysts now expect Q3 profit and revenue for S&P 500 companies to decline 0.4% Y/Y.