Now that the second quarter has come to a queasy finish, it's time to look ahead at what to...
Now that the second quarter has come to a queasy finish, it's time to look ahead at what to expect for the next quarter. Looking back on the recent quarter, with nearly 85% of the S&P 500 companies reported, it doesn't bode well. Just 51% have exceeded net profit expectations, and only 40% or so beat on revenue. Even more disconcerting is that more than 50% of the companies in the index have already lowered estimates for Q3, while only 21% have raised.
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