19.11.2014 - How low oil price is killing earnings projections
Investors hoping that companies break the cycle of posting strong profits but weak sales growth will have to hang on a while longer. The revenue outlook for the next several quarters among blue-chip companies has weakened considerably, with estimates pegging growth at barely positive by midyear, according to an analysis from brokerage ConvergEx. That runs counter to hopes that companies would break free from the pattern of cutting their way to profits and being able to generate above-trend sales for future growth..........................................Full Article: Source
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