Fourth-quarter earnings are shaping up to be the best of 2023, but there's a catch
Publishing timestamp: 2024-02-02 15:06:38
Summary
Corporate profits for the fourth quarter of 2023 have been better than expected, with many companies beating earnings estimates. Sectors such as energy, healthcare, and tech have seen particularly strong results. However, earnings expectations for the future have been lowered, and there is no positive momentum looking forward.
Sentiment: MIXED
Tickers: AAPL, XOM, .SPX, AMZN, META, CVX, BMY, MRK,
Keywords: energy, bristol-myers squibb co, meta platforms inc, exxon mobil corp, health care industry, amazon.com inc, breaking news: technology, chevron corp, technology, merck & co inc, business news, s&p 500 index, earnings, business, apple inc,
Source: https://www.cnbc.com/2024/02/02/fourth-quarter-earnings-shaping-up-to-be-the-best-of-2023.html