CHART OF THE DAY: Earnings Season Is Off To An Ugly Start
Through Friday, 104 companies (33% of the market cap) of the S&P 500 have announced there Q1 2013 financial results.
While it’s still very early into the earnings announcement season, the early tally is not very encouraging.
The analysts at Goldman Sachs have compared the earnings announcement surprises to the surprises seen in the last 40 quarters (10 years).