Bill Rutherford Quoted In Business Week
Second-Quarter Profits: Grief or Relief?
The coming blizzard of earnings reports has Wall Street on edge, but it’s not all bad news ahead. Here’s what to expect.
by Ben Steverman
With just a few days left in the second quarter, Wall Street is preparing for yet another disappointing round of corporate earnings reports.
According to Thomson Reuters (TRI), analysts expect the earnings of the S&P 500 to fall 10.2% this quarter, a number that keeps getting worse as pessimism deepens about the financial sector. It would be the fourth straight quarter of falling earnings, the first such losing streak since 2001-02. […]