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next week marks the start of earnings season. and, with it come new worries about those quarterly financial score-cards. suzanne pratt reports. reporter: the stock market got off to a super start in the first three months of this year. that s as investors were cheered by a stronger u.s. economy and solid corporate profits. but, with a new earnings season just a couple weeks off, the profit picture is looking pretty dismal. standard and poor s predicts first quarter earnings growth of less than 1% for s&p 500 names. thomson reuters is slightly more optmistic with a ho-hum forecast of 3.2%. but, it s not like corporate america is keeping the bad news a secret from wall street. so far 120 firms have pre- announced q1 earnings and what s most disturbing is that negative pre-announcements outweigh positive one by a ratio of nearly three to one. that s more than average. the profit picture is suffering from tough comparisons and an inability of companies to do more cost-cutting.
next week marks the start of earnings season. and, with it come new worries about those quarterly financial score-cards. suzanne pratt reports. reporter: the stock market got off to a super start in the first three months of this year. that s as investors were cheered by a stronger u.s. economy and solid corporate profits. but, with a new earnings season just a couple weeks off, the profit picture is looking pretty dismal. standard and poor s predicts first quarter earnings growth of less than 1% for s&p 500 names. thomson reuters is slightly more optmistic with a ho-hum forecast of 3.2%. but, it s not like corporate america is keeping the bad news a secret from wall street. so far 120 firms have pre- announced q1 earnings and what s most disturbing is that negative pre-announcements outweigh positive one by a ratio of nearly three to one. that s more than average. the profit picture is suffering from tough comparisons and an inability of companies to do more cost-cutting.
next week marks the start of earnings season. and, with it come new worries about those quarterly financial score-cards. suzanne pratt reports. reporter: the stock market got off to a super start in the first three months of this year. that s as investors were cheered by a stronger u.s. economy and solid corporate profits. but, with a new earnings season just a couple weeks off, the profit picture is looking pretty dismal. standard and poor s predicts first quarter earnings growth of less than 1% for s&p 500 names. thomson reuters is slightly more optmistic with a ho-hum forecast of 3.2%. but, it s not like corporate america is keeping the bad news a secret from wall street. so far 120 firms have pre- announced q1 earnings and what s most disturbing is that negative pre-announcements outweigh positive one by a ratio of nearly three to one. that s more than average. the profit picture is suffering from tough comparisons and an inability of companies to do more cost-cutting.