from companies for the second quarter outnumber positive outlooks by 6.
In the most recent earnings conference calls, macroeconomic worries were cited by 10 companies while the United States 'fiscal cliff' was cited by at least nine as reasons for their earnings warnings
health insurer by market value also declared its shares undervalued and offered no negative surprises ae" relief for investors who have endured a spate of earnings warnings
this year from the industry.
equities amid fresh concern about subprime lending and earnings warnings
from major U.
Investors remain concerned about corporate earnings warnings
and the prospect of war as the United States prepares to retaliate for the Sept.
The conference kicked off with an address by Lynn Turner, chief accountant for the Securities and Exchange Commission, who argued that a rising number of earnings warnings
in recent quarters actually argue that investors are gaining increased transparency.
came from McDonald's, one of the 30 components of the Dow, and from Northwest Airlines.
P&G is also trying to recover from a turbulent 2000, which saw its chief executive excused and share price collapse amid numerous earnings warnings
As predicted in earlier earnings warnings
, the company announced last Thursday that sales fell 3 percent during the quarter to $487.
Wall Street fell sharply overnight as corporate earnings warnings
and the possible impeachment of President Clinton worried dealers.
Recent earnings warnings
from large multinationals such as FedEx Corp, Caterpillar Inc and Hewlett-Packard Co which have cited weakness in Europe and China have left investors cautious about the prospects for corporate profits.