NIPA Profits Diverge From S&P 500 Non-GAAP Earnings, With Sell-Side Optimism Very High For Latter
US corporate profits are now down four quarters in a row from the record 2Q22, even as the sell-side has S&P 500 non-GAAP earnings growing 11.7 percent this year and 11.5 percent next. The gap between GAAP and non-GAAP in … Continued