NEW YORK (Reuters) – The estimated decline in first-quarter S&P 500 earnings is now at 0.7% year-over-year, compared with an estimated decline of 1.9% a week ago and a drop of 5.1% at the start of April, Refinitiv data showed Friday.
The latest forecast is based on results from 419 of the S&P 500 companies as of Friday morning and estimates for the remaining components.
(Reporting by Caroline Valetkevitch)