Alphabet, Google’s parent company, lost nearly $168 billion in market value this week.
Photo: Melina Mara/The Washington Post/Getty ImagesThe corporate earnings downturn is poised to end, but you wouldn’t know it looking at the stock market carnage.
With the third-quarter earnings season nearly halfway over, companies in the S&P 500 are on track to post a 2.7% year-over-year increase in profits, according to a FactSet blend of reported results and consensus analyst estimates.
That would mark the first earnings growth in four quarters.
Persons:
Melina Mara
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Washington Post