Q4 2015 Earnings Season Review - The Corporate Revenue Recession Deepens by Estimize
The fourth quarter earnings season for S&P 500 companies is officially wrapping up. The season started out on a sour note in January, with turbulent US markets, currency headwinds, plunging oil prices and a weakening Chinese economy all plaguing the large cap companies, and things only got worse from there.
Year-over-year profit growth for the S&P 500 stayed negative throughout the quarter, closing out at -1.8%, with even lower revenue growth of -3.5%. Both of these numbers fell significantly from what was expected at the beginning of the season, with analysts initially calling for negative earnings per share (EPS) growth of -1.4% and revenues of -2.2%....
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