By Akane Otani and Michael Wursthorn, The Wall Street Journal
February 07, 2019
The yearslong expansion in U.S. corporate profits may be coming to an end sooner than investors expected, a warning sign for the nearly decadelong bull market.
More than 30 companies in the S&P 500, including Netflix Inc., Delta Air Lines Inc. and Estée Lauder Cos., have offered first-quarter earnings forecasts that fell short of analysts’ estimates in recent weeks, citing deteriorating outlooks for the global economy as well as uncertainty around trade policy.
The flurry of tepid forecasts has put companies in the broad stock-market index on track to report a 1.9% decline in profits in the first quarter from a year earlier—a marked deterioration from September when earnings for the period were projected to grow by about 7%, according to FactSet.
Read the full article here.