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October 16, 2017

It's earnings season: Brace for a slowdown

  • A slowdown in corporate earnings growth is particularly worrisome to skeptics of the stock market's relentless rise to record after record this year.
    • By STAN CHOE
    AP Business Writer

    NEW YORK — Earnings reporting season is getting underway, and Wall Street is getting ready to be underwhelmed.

    Profit growth likely slowed sharply in the summer for U.S. companies after hurricanes and other natural disasters caused big damage. Analysts are forecasting weaker earnings for several areas of the market from a year ago, a sharp turnaround from earlier this year, when earnings were soaring by more than 10 percent and helping to drive the stock market to record heights.


     
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