Friday, February 13, 2009

Corporate Earnings Turn Negative

For the first time ever, the 500 companies in the S&P 500 may report an aggregate loss. Both including and excluding financials. While non-financial earnings would have been positive if it hadn't been for a $25.7 billion goodwill impairment by ConocoPhilips, it nevertheless illustrates just how dire the trend for corporate earnings is.


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