Investors worry first-quarter earnings may not be 2019′s low point GlobeInvestor
, even as the Federal Reserve’s dovish stance on interest rates is expected to relieve some of the pressure on companies.
With the market’s rebound this year, the Fed on pause and some expecting economic growth to improve after the first quarter, optimism seemed to be increasing that the profit outlook would stabilize after hitting a low point in the current quarter. This year’s earnings already were expected to shrink dramatically compared with 2018, when steep corporate tax cuts fuelled earnings gains of about 24 per cent.
On Tuesday, FedEx Corp. cut its 2019 profit forecast for the second time in three months, causing its stock to drop and raising fresh worries about the impact of the trade conflict on earnings, with the company citing slowing global economic conditions and weaker trade growth.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CPPIB, Williams to form $3.8-billion Marcellus-Utica shale gas venturePension fund will invest approximately $1.34-billion for a 35-per-cent stake in the venture, which will hold pipeline assets in the largest gas-producing region in the United States
Read more »
Canadian dollar hits 11-day low as data points to slowing domestic economyCanadian dollar hits 11-day low as data points to slowing domestic economy GlobeInvestor
Read more »
Tilray revenue slow to ramp up in first post-legalization earnings reportThe company, like many others in the cannabis industry, has yet to achieve profitability. Its net loss for the quarter was $41 million, or US$0.33 per share
Read more »
Steph Curry drains 75-foot shot to beat buzzer at end of first quarter - Sportsnet.caWatch as Steph Curry banks in a huge three pointer to end the first quarter between the Golden State Warriors and the San Antonio Spurs.
Read more »
To The Point: ‘Do not reward sustained failure’ in NHL Draft Lottery - Sportsnet.caBrian Burke and David Amber discuss rebuilding the Edmonton Oilers with their current pieces, and how the current NHL Draft Lottery format leaves much to be desired.
Read more »
Kawhi's 33 points not enough as Raptors fall to Pistons - Sportsnet.caKawhi Leonard had 33 points but it wasn't enough as the Raptors lost to the Pistons. Highlights presented by AXECanada. YoureHotterWhenYoureChill
Read more »
‘No one is breaking out the champagne’: Emerging markets investors treading carefully‘No one is breaking out the champagne’: Emerging markets investors treading carefully GlobeInvestor
Read more »
Canadian Luguentz Dort scores 21 points in Arizona State’s first NCAA tournament win since 2009Montreal’s Luguentz Dort shook off knee and hip injuries from a hard fall, scored 21 points and led the Sun Devils to a long-awaited NCAA Tournament victory Wednesday night, 74-65 over St. John’s in the First Four
Read more »