Rising Business Costs and Consumer Inflation in Focus as Earnings Season Kicks Off

Rising Business Costs and Consumer Inflation in Focus as Earnings Season Kicks Off
A Wall Street sign outside the New York Stock Exchange in New York on Oct. 28, 2013. Carlo Allegri/Reuters
Tom Ozimek
Updated:

As the third-quarter corporate earnings season gets underway this week, markets are about to get a sense of the degree to which rising business input costs were absorbed by firms and pulled down their bottom lines.

Nineteen S&P 500 firms report earnings this week starting with the big banks. According to Refinitiv IBES forecasts, profit growth is estimated to come in at 30 percent in the third quarter, down from 96 percent in the previous three-month period.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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