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The first quarter of 2014 ends on Monday, which means that quarterly profit reports will hit Wall Street in a big w...
The first quarter of 2014 ends on Monday, which means that quarterly profit reports will hit Wall Street in a big way. Expectations are not very optimistic, though.
Analysts claim that low expectations for profit growth in the first quarter period, January through March, are due to the bad weather. The severe winter weather especially hit Americans, in what was known as the “Polar Vortex,” resulting in low spending on their part.
Another reason for low Q1 expectations is poor corporate guidance with the companies' earnings: CEOs tend to make more negative profit pre-announcements than positive ones, constantly widening the ratio.
According to USA TODAY, the strongest profit growth is expected from the telecom sector (12.1%) and utilities (7.8%), while weakest growth will come from energy and materials.