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Profit warnings kicked into high gear, and there’s still no slowdown in sight

Posted on June 11, 2022 By admin No Comments on Profit warnings kicked into high gear, and there’s still no slowdown in sight
Profit warnings kicked into high gear, and there’s still no slowdown in sight

US companies are warning of earnings misses at a historically high rate and there are signs that the pace could accelerate, but Wall Street analysts don’t seem to be listening too closely, yet. The downbeat outlooks for the current quarter, as inflation and continued supply-chain challenges lead to slowing demand, muddied what has been a…

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