The profit growth in New York (Reuters) jumped to the S& P 500 companies for the first quarter of the year in the last week, while the second -quarter profit forecast decreased, according to LSEG on Thursday.
Partially thanks for optimistic results from the large technology -related names including Microsoft, the growth of the S&P 500 profits is now being shown on an annual basis for the first quarter of 2025 by 12.9 %, an increase of 8.9 % per week.
Recent expectations depend on results from 325 S&P 500 companies and the rest of the rest.
However, the uncertainty surrounding the effects of US President Donald Trump’s tariffs and world trade tensions resulting from what dominated the results season, and many companies around the world have withdrawn or reduced their guidelines.
The growth in the S&P 500 profits in the second quarter decreased sharply, and analysts are now seen 6.9 % for a quarter, a decrease from 10.2 % on April 1, according to LSEG.
(Participate in the reports of Caroline Valcvic; Edit by Ceso Nymama)
https://media.zenfs.com/en/reuters-finance.com/f497ac457ca3681f09799f0340c66b57
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