Warmer Weather Improving Q2 Earnings Forecasts

Businesses don’t have the weather to kick around anymore. That has led analysts to expect improved but not spectacular profit and revenue growth as the second-quarter earnings season kicks off this week. Although the first quarter’s abysmal gross domestic product decline of 2.9% was blamed largely on the polar vortex and its blizzards, Q1’s 5.6% profit growth turned out better than the 2.1% analysts projected and not much worse

You may also like...