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2015 earnings: First drop since the financial crisis?

As third-quarter earnings season gets underway, expectations for full-year earnings have turned negative.

According to data from S&P Investment Advisory Services, estimates for Q3, Q4 and 2015 have all been revised down in the past week. Earnings expectations for 2015 have turned from 0.2 percent growth to a 0.9 percent decline. Full-year earnings haven't fallen since 2009, when earnings dropped 9 percent.

Meanwhile, stocks have held on to recent gains, with the S&P 500 rising 1.5 percent on Thursday.

Erin Gibbs, equity chief investment officer of S&P Investment...


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