財報

US GROUPS UNDER PRESSURE TO SHOW SIGNS OF RECOVERY

Investors will be looking for US companies to start providing evidence that “green shoots” of recovery have begun sprouting on their bottom lines when they start reporting second-quarter results tomorrow.

Earnings for blue chips in the S&P 500 index will extend a two-year losing streak in the three months to June, with a fall of more than 35 per cent over the same period in 2008, according to analysts' forecasts collected by Thomson Reuters.

All 10 major sectors are expected to record lower profits, with basic materials, energy and financials leading the retreat, as the global economic downturn and tough financing markets take their toll on vast swathes of corporate America.

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