Earnings

Earnings are about to do something they haven’t done since 2008

0


Corporate earnings are about to do something they haven’t done since the 2008 financial crisis: Turn negative.

According to PNC Financial’s Amanda Agati, the coronavirus fallout could dramatically hurt companies through the second quarter.

“Q1 expectations are in negative territory at about 1.5%. It looks like Q2 will be down about 1%,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Friday. “Q2 is probably going to be the better gauge for where we go from here.”

She’s more worried about the second quarter because the coronavirus showed up so late in the first quarter.

“I don’t think Q1 earnings will be the right guide,” said Agati.

First quarter earnings season is 16…



Source cnbc.com

National Retail Federation asks Trump for clarity

Previous article

Dow futures up 600, Fed goes all-in

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Earnings