More companies' profit guidance misses analysts' expectations

04/1/2013 | Wall Street Journal/CFO Journal, The

Profit guidance at many large U.S. companies is below analysts' estimates for the current fiscal quarter, according to FactSet Research. It found that so far, for the quarter that ends in April, 86 companies in the Standard & Poor's 500 index have missed expectations -- more than any quarter since July 2008.

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