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We Predict Lowest US Earnings since 2009: Pro

Thursday, 19 Jul 2012 | 5:30 AM ET

"We are viewing the second quarter as a turning point in corporate earnings, we had eight quarters of double digit earnings growth and the last two quarters were very strong with high single digit growth, but for this quarter we are looking for growth to be down about 1.5 percent. Christine Short, senior manager at S&P Capital IQ, told CNBC.