S&P 500 Profit and Sales in the Third Quarter Expected to Decline for the First Time in Three Years
The Paragon Report Provides Stock Research on Advanced Micro Devices and General Electric
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 10/15/12 -- The S&P 500 Index has clumped for 4 consecutive days as the International Monetary Fund has cut its global growth forecast. The IMF forecasts the global economy will expand by 3.3 percent in 2012, down from their previous estimate of 3.5 percent. The Paragon Report examines investing opportunities in the S&P 500 Index and provides equity research on Advanced Micro Devices, Inc. (NYSE: AMD) and Intel Corporation (NASDAQ: INTC).
Access to the full company reports can be found at:
Aggregate profits for companies in the S&P 500 are expected to decline in the third quarter for the first time in three years according to analysts' estimates collected by Bloomberg. The data has shown that earnings per share and sales are expected to drop on average 1.7 percent, and 0.6 percent, respectively.
"Weaker economic data over the past 12-18 months has steadily eroded the growth outlook," said Jonathan Golub, a strategist at UBS. "Unfortunately, this weakness is relatively broad-based. More specifically, earnings are now expected to come in lower than 3Q11 in 5 of 10 sectors, with the greatest contractions in Energy and Materials."
Paragon Report releases regular market updates on the S&P 500 Index so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Advanced Micro Devices recently slashed their revenue outlook for the third quarter as a result of a "challenging macroeconomic environment." The company now expects revenues for the third quarter to decline 10 sequentially, compared to previous forecast of a 1 percent decline, plus or minus 3 percent. AMD is scheduled to release third quarter 2012 results on October 18, 2012.
Shares of Intel have recently hit a new 52-week low after it was downgraded to underperform from market perform by Bernstein Research. The company has struggled with declining PC sales in 2012. According to Gartner, a tech research firm, worldwide PC shipments declined 8.3 percent in the third quarter. Intel is scheduled to release it third quarter 2012 results on October 16, 2012.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 15.10.2012 - 06:20 Uhr
Sprache: Deutsch
News-ID 1159951
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
NEW YORK, NY
Phone:
Kategorie:
Investment Services & Trading
Anmerkungen:
Diese Pressemitteilung wurde bisher 174 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"S&P 500 Profit and Sales in the Third Quarter Expected to Decline for the First Time in Three Years
"
steht unter der journalistisch-redaktionellen Verantwortung von
Paragon Financial Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
