us-economy | Earnings News

Get ready for earnings season

|By:, SA News Editor

Watching Wall Street boast its best start to a year in over a decade, investors are now turning their focus to the fourth quarter earnings season, with results beginning to trickle in this week.

Traders will be most afraid of the recent U.S. tax overhaul, as a one-time tax on repatriated foreign earnings and requisite revaluations of deferred taxes mean potential charges and writedowns.

"The numbers are going to be staggering," said Bob Willens, a New York-based accounting analyst, but "I don't think it will affect stock prices much."

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