Technology companies are lowering their revenue guidance for the first quarter at a rate not seen since the fourth quarter of 2012.
The moves come against a generally dismal backdrop for corporate profits, with the S&P 500 expected to show a year-over-year drop of 3.7 percent.
Despite the dour outlook, stocks have held up well, with the Nasdaq tech barometer up more than 16 percent.
Submitted March 26, 2019 at 11:31AM by coolcomfort123 https://ift.tt/2JHq5UR
