Looking for Clues in Q2 Earnings Calls
After a rough second quarter, corporate financial results will be weak. Investors will be listening closely to executives for signs of hope in the future
By Ben Steverman July 9, 2009
Entering the crucial midyear earnings season, investors are a befuddled bunch.
Financial markets—much improved from four months ago—suggest the economy is stabilizing and could recover soon. But corporate profits continue to fall, and more and more Americans are losing their jobs.
That’s why, investors say, they’ll be listening very closely as companies unveil second-quarter results—and not just to the results themselves, but to what executives say about the future. […]