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The fundamental story for stocks is holding steady more than halfway through the third quarter.
Analysts slashed their earnings expectations for the current quarter by 2.8% during July and August, per FactSet senior earnings analyst John Butters. But that's not as bad as it may seem.
As Butters pointed out in a note on Friday afternoon, analysts typically cut their earnings estimates as the quarter goes on.The current level isn't out of the ordinary. Analysts have slashed expectations by 3% on...
>>> Read more: Wall Street is cutting Q3 earnings estimates â why that's 'not a cause for worry'
Analysts slashed their earnings expectations for the current quarter by 2.8% during July and August, per FactSet senior earnings analyst John Butters. But that's not as bad as it may seem.
As Butters pointed out in a note on Friday afternoon, analysts typically cut their earnings estimates as the quarter goes on.The current level isn't out of the ordinary. Analysts have slashed expectations by 3% on...
>>> Read more: Wall Street is cutting Q3 earnings estimates â why that's 'not a cause for worry'
