Wall Street Journal: U.S. Corporate Profits See ‘Longest Slide in Earnings Since the Financial Crisis’Apr. 29, 2016 4:54pm
Kate Scanlon
The Blaze
http://www.theblaze.com/stories/2016/04/29/wall-street-journal-u-s-corporate-profits-see-longest-slide-in-earnings-since-the-financial-crisis/U.S. corporate profits will decline for the third quarter in a row, according to a report by the Wall Street Journal.
Profits have suffered the “longest slide in earnings since the financial crisis,” the report states.
U.S. gross domestic product only grew by 0.5 percent in the first quarter.
According to Thomson Reuters, overall earnings will decline by 6.1 percent compared to the first quarter last year.
Chart at source. Whoo hoo! Quintuple dip recovery here we come.
