U.S. 2015 profits forecast to grow 1.7 percent; oil, dollar are concerns

http://ift.tt/eA8V8J Corporate America's profit engine may be running out of steam. Wall Street analysts, expecting two quarters of declining earnings, are banking on a second-half recovery to keep 2015 from becoming the worst year for profits since the last recession. This year's U.S. profit estimates have fallen sharply in recent months to a mere 1.7 percent growth, Thomson Reuters data shows, as analysts cut already gloomy forecasts for energy company earnings and the dollar keeps climbing, hurting U.S. exporters, including multinationals. A projected 55 percent decline in energy company earnings is the single biggest downward influence on estimates, but the outlook for almost every other sector has fallen as well.



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