SPX Earnings Report: Q1 Expectations Plummet, 20% of S&P 500 Shows Grim 2023 Outlook… Margin Contractions Raise Concerns

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As the earnings season unfolds, the SPX’s first-quarter and year-ahead earnings projections are on a downward spiral. Earnings surprises are meager at +6.1%, marking 2023’s weakest performance. With a grim earnings growth of about -2%, the initial expectations of +2% have crumbled. Over 20% of the S&P 500 has reported lackluster results, raising concerns about the growth narrative. The contraction in margins for companies reporting results hints at a potentially challenging landscape for the rest of the quarter and beyond.

seekingalpha.com/article/4664993-earnings-have-been-horrible-thus-far-for-the-s-and-p-500#comment-97052462

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