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
NIPA profits are now down three quarters in a row. The downward momentum likely continues in an environment in which the fed funds rate has gone up by 500 basis points over 14 months. This will force the sell-side to … Continued
US corporate profits collapsed 21 percent in the first half this year. Directionally, this is in line with operating earnings estimates for S&P 500 companies. In the latter’s case, the revision trend has improved the past two and a half … Continued
Growth in U.S. corporate profits with inventory valuation and capital consumption adjustments dipped into the negative territory in 3Q15 – both quarter-over-quarter and year-over-year. At a seasonally adjusted annual rate of $2.06 trillion, they compared with $2.08 trillion in 2Q15 … Continued