Reported about 16 hours ago
A surge of corporate guidance cuts is occurring as companies face rising costs due to tariffs, with firms like Procter & Gamble and Pepsi revising their forecasts downward. Experts emphasize the need for transparency in communicating the uncertain impacts of tariffs on earnings, suggesting that companies should provide dual guidance scenarios to adequately inform shareholders. The volatility of tariff rates raises concerns over future earnings projections, particularly for smaller firms and the overall market's resilience.
Source: YAHOO