U.S. financial: Second-quarter U.S. corporate profits fell at least 10% of the crisis is not in addition.

second quarter U.S. corporate earnings forecast . type Forecast the first quarter of the situation & P 500 down 10% profits down 16% financial services slumped 60% -- Energy surge 25% -- consumer categories .Enterprise down 24% -- tab: . WASHINGTON Reuters by surge in energy prices, poor economic data and the credit crisis hit, the U.S. second-quarter profits may be consecutive .Four Seasons atrophy, will hit the U.S. since 2002, fell the most long-term record of earnings. . (http://finance.) S & P 500 estimated by the banks and securities companies, a substantial weakness in the previous quarter results, .S & P 500 companies will drag on second-quarter profit fell 10%, while analysts surveyed by Bloomberg estimated reduction of 11%. . Alcoa first-quarter results on Tuesday announced for the second quarter of the United States kicked off earnings. .Xi Bate, senior index analyst at Standard & Poor's said earnings reflect the overall economy, no doubt will continue to fall, but the outside world is more worried about this wave of economic turmoil would last long. . components & P forecast second quarter earnings will fall 10% over the previous year. .S & P 500 company earnings decline 16% in the first quarter of last year, three or four quarters are each reduced by 2.5% and 23%. .In addition to the global credit crisis is not, like Merrill Lynch and Citigroup and other financial groups are bound to be recognized again billions of dollars in assets. .Since last year, the bank recognized amounts to nearly 3,000 billion dollars. . according to Bloomberg data, the financial industry could once again second-quarter profit plunged 60%. .Financial stocks in the S & P corporate profits last year, contributed 60.7 billion U.S. dollars the Chinese Communists. .But the standard prediction that the data will be substantially reduced this to 246 billion U.S. dollars. . Xi Bate pointed out that want to explore the extent of financial sector weakness, if the S & P 500 index, the banks and securities components .enterprises excluded, but S & P 500 earnings will increase by 9%. . Energy second-quarter earnings are expected to surge 25%, the highest of all industries. .In the first quarter of 2008, oil prices broke through 100 dollars a barrel after the other, including Exxon Mobil and Schlumberger Energy Group, S & P 500 companies accounted for half of revenue growth. .Goldman Sachs analyst Tian Winona was released in the June 25 report, "We were optimistic about corporate profits will recover in the second half of 2008, but the prediction is not as fast as we expect to happen." . addition survey also showed that those who are highly dependent on consumer spending will corporate profits will decline 24%, of which .including the auto companies and retail businesses. .Ghriskey said, before the government back taxes to stimulate consumer spending in the policy may be too late for the second quarter due to the implementation of corporate earnings is very limited. . WL Ross & Co.LLC said Wilbur Ross, CEO, general consumption on changes in U.S. .The role of the economic situation is very limited, he said: "to the November comes, only the employment and housing prices around the U.S. economy will become the driving force." .

U.S. financial

Tuesday, February 22, 2011

Second-quarter U.S. corporate profits fell at least 10% of the crisis is not in addition.

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