Autumn is in the air, and it's not just the leaves that will be losing their green in the coming weeks.
The Wall Street Journal is reporting that -- for the first
time in nearly three years -- companies in the S&P 500 are expected
to post an overall decline in profitability.
Thomson Reuters sees a 2.9% decline in earnings. S&P Capital IQ
sees a slightly smaller deficit. However, both analyst trackers do see
companies, on average, posting lower net income this time around.
In other words, earnings season has never been this scary.