Apr 16, 2018 (The Australian Financial Review - ABIX via COMTEX) --
Morgan Stanley expects earnings per share growth for the S&P 500 companies to be 17 per cent year-on-year in the March 2018 quarter. This will rise to around 20 per cent in the September quarter, according to the investment bank. In contrast, Australian-listed companies are forecast to achieve profit growth of 7-8 per cent. The strong earnings outlook for the current US reporting season has been attributed to factors such as the Trump administration's corporate tax cuts, the lower US dollar and a sustained period of synchronised global economic growth..
Publication Date: 17 April 2018
MORGAN STANLEY AND COMPANY INCORPORATED
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT
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BLACKROCK INCORPORATED
STANDARD AND POOR'S 500 INDEX
By Patrick Commins and Sarah Turner
Copyright 2018 Roy Morgan Research. All Rights Reserved.
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As of Thursday, 04-12-2018 23:59, the latest Comtex SmarTrend® Alert,
an automated pattern recognition system, indicated a
