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January 17, 2020

CEOs got a pass in 2019, but they need to grow profits soon

  • Last year was a particularly tough one for companies to deliver big growth because they were no longer getting the benefit of the first year of lower tax rates, as they did in 2018.
    • By STAN CHOE
    AP Business Writer

    NEW YORK — CEOs, you get one more mulligan.

    Over the next few weeks, companies across the country will be telling investors how much profit they made in the last three months of 2019. Analysts along Wall Street are setting expectations very low, again. They're forecasting a fourth-straight quarter of falling profits by S&P 500 companies, according to FactSet, something that hasn't happened since 2015-2016.


     
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