Daily News: March 17, 2015

Earnings Forecasts Take a Downturn

The Wall Street Journal reported an earnings season filled with warnings of continued volatility has analysts slashing estimates by the widest margin in six years.

The Journal said further, due to falling energy prices, weakness in foreign markets and a stronger dollar, the blended consensus growth outlook for first-quarter earnings among S&P 500 companies has been pushed down by about nine percentage points, according to FactSet data.

To read the entire Journal article, click here.