Excerpt from Bloomberg quoting DataTrek Research:
…. “That doesn’t bode well for corporate earnings. Even though third-quarter profits exceeded expectations by rising about 25 percent from a year earlier, growth is forecast to slow to about 14 percent for this quarter, according to DataTrek Research, citing FactSet data. That’s still pretty good, but it’s below the 16.7 percent rate forecast at the start of earnings season”….
Read the whole article here on Yahoo Finance, courtesy of Bloomberg!