U.S. companies expected to report worst sales fall in nearly six years


(Worthy News) – U.S. companies are expected to report their worst sales decline in nearly six years when they post second-quarter results, giving investors reason to worry about future profits, Reuters reported.

Companies have managed to drive 2015 earnings by cutting costs, a practice they turned to during the financial crisis. They have also used share buybacks to lift earnings per share.

But it is hard to make a case for sustained earnings growth given forecasts for a second-straight quarter of revenue decline at S&P 500 companies, which begin reporting financial results in earnest this week. [ Source ]

8
people are currently praying.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Follow us on X

Latest Worthy News

Pentagon Launches Probe Into Microsoft Over Chinese Engineers on Defense Cloud Contracts
California Christian Baker Asks U.S. Supreme Court to Hear Same-Sex Wedding Cake Case
Federal Appeals Court Revives Christian PA’s Lawsuit Against University of Michigan Over Firing for Religious Beliefs
Israeli Troops Stage Rare Ground Raid Near Damascus Amid U.S.-Brokered Talks
Europe Triggers Snapback Sanctions on Iran Over Nuclear Breaches
Israeli Air Force Strikes Houthi Targets in Sanaa Amid Escalating Regional Tensions
New Protests Rock Indonesia As Critics Warn Of Military’s Growing Role 
FBI Investigates Minneapolis Catholic Church Massacre as Hate Crime and Domestic Terrorism
EU, Britain Summon Russian Envoys After Moscow Strikes Kyiv, Hitting European Missions; 18 Killed (Worthy News Radio)
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News