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November 29, 2019

Companies struggle to grow profits, look ahead to 2020

  • Fears of a U.S. recession, tied largely to a drop in manufacturing activity, have recently subsided.
    AP Business Writer

    NEW YORK — Corporate profits continued their yearlong slide during the third quarter and analysts expect another decline this quarter before the numbers start improving.

    Companies have been hindered by slower global economic growth, worsened by the U.S.-China trade war, in their efforts to increase profits from a year ago. Many with international supply chains have faced higher costs, and several sectors have seen declining global revenue.

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