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The drop in earnings at Spanish banks has also started to trigger some management changes.
The biggest problem will be a drop in earnings from commodities.
[C5.] May Department Stores reported a 46percentt drop in earnings.
There seems to have been an overreaction in the US to a temporary drop in earnings.
BBVA became the latest Spanish bank to report a drop in earnings as government austerity measures weigh on economic growth.
Shell's oil refining unit reported a lower-than-expected drop in earnings after crude processing margins fell.
The current surge stems directly from the recession: Millions have lost their jobs or suffered a sharp drop in earnings.
Toyota has forecast a 35 percent drop in earnings this year, as the strong yen makes exports from Japan unprofitable.
"There will be a huge drop in earnings for all the large integrated oil companies but especially BP.
BP reported a 29percentt drop in earnings, to $4.4 billion, on Tuesday, mostly because of problems at refineries.
Areva announced a steep drop in earnings last year, which it blamed mostly on mounting losses from the project.
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CEO of Professional Science Editing for Scientists @ prosciediting.com