Published on 23 Oct 2023 on Benzinga
...Alphabet (NASDAQ:GOOGL), Logitech International (NASDAQ:LOGI), Archer-Daniels Midland (NYSE:ADM),...
After the first week of earnings, analysts have tempered their expectations for profit growth, anticipating a continuation of the profit-declining trend.
The Week That Was: The blended year-over-year earnings of S&P 500 companies are expected to decrease by 0.4%, marking the fourth consecutive decline, according to Factset’s weekly earnings insights report. The decline in earnings is largely due to downward revisions in earnings per share (EPS) estimates for Pfizer, Inc. PFE and Eli Lilly & Co. LLY.