Confession season intensifies as earnings growth slows

Posted by on May 11th, 2008 at 07:12pm

Finance Blog wrote an interesting post today on
Here’s a quick excerpt
Australian Financial Review, 12 May 2008, Michael Smith, p.1 Brokerage and fund managers have warned of more corporate confessions’ in the coming reporting season, in the wake of earnings downgrades at more than 100 companies. Deutsche Bank said consensus estimates for S&P/ASX100 companies, excluding banks and resources groups, suggested earnings growth of an average 6 percent earnings-per-share at the beginning of 2007-08, have lowered their forecast to a zero average.

Read the rest of this great post here

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