Analysts are cutting their forecasts for S&P 500 earnings for the first time in more than a...

|By:, SA News Editor

Analysts are cutting their forecasts for S&P 500 earnings for the first time in more than a year, Bloomberg finds. Retooling has helped U.S. companies wrest big earnings from lower revenue, but as one analyst says, “you can only cut costs so much before you start cutting into bone."