<< Read Full Article

Double-Digit Profits Take a Dip

Stock quotes in this article: T , MOT , CVX , AMD , XLNX , TOL , LEN , MS  

After 13 straight quarters of double-digit growth, bottom lines could finally be showing signs of mortality.

According to David Dropsey, an analyst with Thomson First Call, Wall Street is projecting 9.1% overall earnings growth for the S&P 500 for the fourth quarter of 2006, down from the estimate of 10% growth just three weeks ago. In the fourth quarter of 2005, earnings jumped 14.4%.

But while Corporate America's astounding streak of double-digit earnings growth may have ended, analysts still expect companies to deliver strong fundamentals in the upcoming reporting season. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services