Monday, August 20, 2012

"U.S. corporate earnings point to further gloom"

NEW YORK (Reuters) - Earnings season is drawing to a close and the results raise a number of worrying questions about the economy's direction.
For the second quarter, the percentage of companies beating revenue forecasts was the lowest since 2009. For every company that gave a positive outlook, nearly five companies gave negative outlooks, Thomson Reuters data showed.

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