Like that last roll of ultra-thin toilet paper left on

the shelves or the latest Star Wars movies, it’s

tough to be disappointed in something when

expectations were low to begin with. That’s

how Wall Street is approaching the upcoming

earnings season for companies.

CEOs across the country are preparing to

tell their investors in upcoming weeks how

they fared from April through June, and the

forecast is uniformly dismal. The quarter

coincided with the height of lockdowns ordered

by governments to slow the spread of the

coronavirus pandemic, which bludgeoned the

economy into a sudden recession.

2Q EARNINGS

TO SHOW HOW

VIRUS MENACED

CORPORATE

AMERICA