US earnings to give pointer on bleak economic prospects
Earnings forecasts have declined and companies are withdrawing guidance as coronavirus pandemic hits operations
29 March 2020 - 16:40
New York — Investors are desperate for clarity on US corporate profits as the coronavirus pandemic has forced them to lower expectations ahead of the first-quarter reporting period starting in mid-April.
US companies are increasingly withdrawing guidance while warning of the outbreak’s steep toll on operations. Twitter last week pulled its first-quarter revenue outlook and forecast an operating loss, while Marriott International and FedEx have backed away from 2020 forecasts...
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