Financial Times FT.com

Fears rise of ‘earnings recession’

By Francesco Guerrera and Michael MacKenzie in New York

Published: November 7 2007 22:00 | Last updated: November 7 2007 22:00

Wall Street analysts are rapidly losing faith in US companies’ ability to rekindle profit growth before the end of the year, raising the prospect of the first “earnings recession” – two consecutive quarters of falling profits – in more than five years.

Mounting troubles in the financial sector have led analysts to reduce sharply their forecasts for earnings growth in the final quarter of the year.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this