Monday, January 11, 2016

Energy companies set for first earnings decline in 48 years: Goldman Sachs

Marketwatch reports:
The energy sector will depress U.S. fourth-quarter earnings and subdue growth for the entire S&P 500, making 2015 the weakest year for earnings since 2008, Goldman Sachs said Friday.

The bank trimmed its S&P 500 earnings-per-share estimates for 2015, 2016 and 2017 in a note that highlighted three factors it expects to feature in earnings releases and on conference calls this year.
Sign of a recession?