Submitted by Tyler Durden on 05/15/2016 - 14:54
Q1 earnings marked the first time the index has seen four consecutive quarters of year-over-year declines in EPS since Q4 2008 through Q3 2009. It also marked the largest year-over-year decline in earnings since Q3 2009 (-15.7%). More troubling is that Q2 appears set for more of the same: the estimated decline for Q2 2016 is -4.6%, compared to "only" a 2.8% drop as of March 31, while for revenues, the estimated decline for Q2 2016 is -1.3%, a doubling in the -0.6% deterioration forecast just 45 days ago.
http://www.zerohedge.com/news/2016-05-15/after-abysmal-first-quarter-second-quarter-earnings-expectations-are-already-tumblin
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