Holiday earnings forecasts are disappointing investors so far, and the biggest boxes under Wall Street’s tree are coming this week.
So far in earnings season, a dozen S&P 500 SPX companies have issued earnings guidance, and eight of them have come in lighter than expected. Investors have punished those companies — such as Intel Corp. INTC, which had its worst day in more than a year Friday following a weak forecast — as well as those outside the index that have disappointed, such as Snap Inc. SNAP, which lost nearly a quarter...
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October 25, 2021 at 03:16AM
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Holiday earnings forecasts have been lumps of coal so far, and here come the biggest ones - MarketWatch
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