Earnings Observation

[rjwjr]

Here is a partial screenshot of this mornings finance page on Yahoo...

Top Stories


CAT Reports First Loss Since '92, Slashes Forecast- Reuters
Caterpillar Inc., the world's largest maker of construction and mining equipment, reported its first quarterly loss in 17 years on Tuesday, pulled into the red by more than half a billion dollars in charges from its wave of recession-triggered layoffs.

• Merck sees 57 percent drop in first-quarter profit- AP
• Coca-Cola 1st-quarter profit falls on some charges- AP
• Oversight panel has bailout questions for Geithner- AP
• Stocks point lower amid mixed earnings reports- AP
• Delta posts $794 million 1Q loss- AP
• DuPont 1st-quarter profit falls on weak demand- AP
• US Bancorp's 1Q profit falls, but beats estimates- AP

Now that the "real" companies are posting earnings things don't look so good for this recent 5-week plus rally, eh?

[metalman]

Re: Earnings Observation

two more...

• IMF: US institutions could suffer $2.7 trillion in losses- AP
• CAT reports first loss since '92, slashes forecast- Reuters

it's a new bull market!

[jtabeb]

Re: Earnings Observation

it's a new bull market!

I think you meant a new "BULLSHIT" market;)

[aaron]

Re: Earnings Observation

"At the close of trading on Friday, the blended growth rate for the first quarter, which combines actual numbers for companies that have reported earnings and estimates for companies that have yet to report, stood at negative 37.4 percent, according to Thomson Reuters data."

http://finance.yahoo.com/news/Stocks...b-14985175.htm

[ax]

Re: Earnings Observation

I think you meant a new "BULLSHIT" market;)

That's why we were sure to trot out Geithner right on cue after Bank of Mellon, ya know, one of the conservative banks, threw up their earnings report this morning.