Earnings a light in pandemic darkness
Corporate earnings are likely to end this year with a fourth-straight quarterly decline, but a profit rebound may be appearing on the horizon, analysts say. Despite the continuing struggle with the virus pandemic, profits for companies in the S&P 500 held up surprisingly well in the third-quarter. That’s a signal to investors looking for clues as to how companies can see their way to a more normal post-pandemic economy. While the S&P showed an overall 6% drop in earnings last quarter, it was significantly better than analysts’ June forecast of a 24% drop. Airlines, hotels and ...