Wall Street

The Q2 Earnings Season Could Be A Bloodbath

Published by
ValueWalk

Revlon Puts The Fear Of Bankruptcy Into The MarketIf the latest news from Revlon (NYSE:REV) is any indication of what to expect from the Q2 earnings reporting season we just got really scared. We’ve been worried about the season for a number of reasons that all come down to earnings. In the case of Revlon, competition and rising cost pressures forced the company to decline a voluntary Chapter 11 bankruptcy, a move intended to let it reorganize itself for the new operational environment. The takeaway is the problems facing Revlon are being felt throughout the market and, while we don’t expect t…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street