Thursday, May 12, 2011

Roubini : Corporate earnings growth will likely disappoint next year

Corporate earnings growth will likely disappoint next year because of rising commodity prices and slower-than-expected economic growth, “So far things have been great. Companies have slashed costs. But on margins and sales, things are going to be more difficult from here,” . “15% to 20% growth in earnings next year is frankly far fetched.” Nouriel Roubini, chairman of Roubini Global Economics, said Wednesday. during the SkyBridge Alternatives Conference in Las Vegas via MarketWatch

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