NEW YORK, April 14 (Reuters) – With quarterly U.S. earnings simply getting beneath means Friday with upbeat outcomes from JPMorgan Chase & Co (JPM.N) and different banks, estimates for the primary quarter have improved barely from per week in the past, in accordance with Refinitiv knowledge launched Friday.
Together with precise outcomes for 30 of the S&P 500 firms and estimates for the remainder, analysts now count on earnings in combination to have declined 4.8% within the first quarter of 2023 from the year-ago interval. That compares with their week-ago forecast for a 5.2% decline within the quarter.
S&P 500 earnings fell 3.2% year-over-year within the fourth quarter of 2022, based mostly on Refinitiv knowledge.
Reporting by Caroline Valetkevitch
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