Earnings News | us-economy | Top News

Fourth quarter earnings season kicks off

|By:, SA News Editor

The fourth quarter earnings season kicks off in earnest today, with Citigroup becoming the first of the big U.S. banks to put forward its results.

Firms in the S&P 500 were projected back in September to report Q4 earnings growth of 17% from the year earlier, according to FactSet, but dimmer expectations for global growth and disappointing holiday sales have forced many companies to slash their forecasts, pushing the estimated earnings-growth rate for the quarter closer to 11%.

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