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Analysts Shrink Projections for First Quarter Earnings Growth
Those nice double-digit results we’ve enjoyed are so 2021, they say.
Unexciting economic growth and the Chinese virus are among the ills that could ruin predictions of an electrifying rebound.
A 1% reduction is taking shape, with most companies already reporting, and things could’ve been worse.
But even if they stay in the black, they will be puny compared to 2018’s blowout.
Peak earnings may have occurred in the first quarter. But maybe the picture isn’t so bad.