Kostin warns of big negative earnings surprises


Last day of trading before Christmas at the New York Stock Exchange (NYSE) in Manhattan, New York City

NEW YORK: Don’t expect the upcoming earnings season to deliver too many positive surprises, says Goldman Sachs Group Inc’s David Kostin.

The upward move in interest rates, the ongoing war in Ukraine and the Omicron coronavirus variant have made the first quarter a particularly difficult one for companies, likely hampering sales in several sectors, the firm’s chief United States equity strategist said in an interview with Bloomberg Television.

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