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Earnings season is almost here and companies are warning the results won’t be pretty

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The US flag flies over shipping cranes and containers in Long Beach, California on March 4, 2019.

Mark Ralston | AFP | Getty Images

This upcoming earnings season is shaping up to be a weak one.

Because of uncertainty around trade wars and global growth, a bulk of U.S. companies are lowering the bar for their second-quarter earnings. Of the 114 companies that have issued earnings guidance for the period, 77% have issued negative forecasts, according to data from FactSet.

Thanks in part to those warnings, earnings are estimated by analysts to have declined by 2.9% year over year in the second quarter. At the start of the period, analysts expected earnings to be basically flat. If that estimate…



Source cnbc.com

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