Investors Worry Over Suspected Lagging First Quarter Earnings

April 9, 2015 2:30 PM

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Yesterday, after the market close, the first quarter earnings season officially kicked off with Alcoa Inc (NYSE:AA) releasing results for the quarter. Alcoa reported earnings per share of $0.14 on revenue of $5.82 billion. Analysts were looking for earnings per share of $0.26 on revenue of $5.94 billion. While Alcoa did report a profit, compared to loss in first quarter 2014, but results missed analysts’ expectations. Shares of Alcoa are down nearly -5% in early morning trading. With earnings season officially underway, many still believe that the first quarter 2015 earnings could provide some serious issues for the market.

US corporate earnings were very strong over the past few years. Companies were doing business again after the recession, growth was slowly coming back and earnings were very strong. Now, analysts are forecasting a drop of -6% from first quarter 2014 results, which makes it the first negative quart...

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