Record Negative Earnings Announcements Expected In US
A definitive symbol of the economic downturn in the US is about to emerge as more than 1,000 companies are expected to issue negative earnings pre-announcements for the second quarter, according the Wall Street Journal.
The first quarter record of 935 negative statements look set to be broken, according to the report, as companies realise that the economic deterioration has been more sharp than anticipated.
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