Steve Higgins

ContactSteve Higgins has been a journalist for more than 25 years and has extensive experience covering business, the economy and personal finance. He spent 12 years as a business reporter for daily newspapers in Arizona, Florida, Georgia, and Connecticut, followed by 12 years as an editor, most recently as business editor of the New Haven Register in Connecticut.
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Earnings Grew More Slowly In The Fourth Quarter Than Over The Previous Two Years, S&P Analysts Say edit
Tuesday, January 10, 2012 14:12

Tags: earnings | energy | financials | U.S. economy

U.S. corporate earnings increased by 7.19% in the fourth quarter over the same period a year ago, S&P analysts predicted on the eve of earnings season, which starts next week.

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That would mark a slowdown after eight consecutive quarters of double-digit earnings growth for the S&P 500 Index.


Since Oct. 3 analysts have cut growth estimates from 14.55% to 7.19%.


S&P analysts expect to see strong growth in the energy sector, at 22.44%.


The financial sector should turn in earnings growth of 9.24%, analysts predict.

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