Profit outlook bleak ‧ third quarter U.S. corporate fear of atrophy - hpc


U.S. businesses performance near the ending of second quarter is disappointing, but the outlook is probably more opaque. Because by companies to revise the third-quarter outlook, in that quarter S & P 500 corporate profits fear trap of negative growth.
About 85% of the S & P 500 companies have released the previous quarter earnings, only 51% of net profit, and 40% of the revenue better than expected. About five percent of the company revised third-quarter outlook.
U.S. business growth momentum is clearly subsided, the brink of recession in Europe, high unemployment rate in the United States, appreciation of the dollar coupled with the financial crisis at the year-end approaching is weakening in commercial activities and weakening growth expectations.
Although U.S. companies in the second quarter annualized profit growth of 6%, slightly stronger than expected, however, if to exclude the financial sector, profit almost bogged down, economists predict corporate third-quarter profit may be a slight contraction.
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