July 3, 2019 / 3:13 PM / 3 months ago

U.S. Q2 earnings seen declining fractionally vs yr ago-Refinitiv

NEW YORK, July 3 (Reuters) - After weeks of slight reductions in analysts’ estimates, second-quarter earnings for S&P 500 companies are now seen declining fractionally from a year ago, according to IBES data from Refinitiv.

As of Wednesday, analysts were expecting earnings for the quarter to have declined 0.005%. If that forecast holds true, it would mark the first quarterly decline in earnings for the S&P 500 since 2016, based on Refinitiv’s data.

Reporting by Caroline Valetkevitch

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