An upbeat take on downbeat 1Q earnings season

April 7, 2015 6:43 PM

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An upbeat take on downbeat 1Q earnings season

Despite fears that this could be the “most challenging earnings season” for Corporate America since the Great Recession, one Wall Street pro sees reasons for hope.

First the grim news, Wall Street analysts expect profits for Standard & Poor’s 500 companies to contract 2.8%, which would mark the first year-over-year earnings drop since the third quarter of 2009, according to earnings tracker Thomson Reuters I/B/E/S. Aluminum maker Alcoa unofficially kicks off t...

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