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Katrina Threatens Corporate Profits

Earnings are still expected to climb in the third and fourth quarters, but largely because the energy and construction sectors will be carrying the ball.

> > Hurricane Katrina left a wake of destruction that is also expected to ripple through many sectors of Corporate America and cut into profits for the remainder of this year.
Many analysts agree that the devastation to oil and gas production along the U.S. Gulf Coast will cause the price of crude oil and gasoline to climb; this morning Cable Headline News reported $6-a-gallon gasoline in some parts of Alabama.
Source: CFO


Published:2005-09-02
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