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And it would not hurt Box to post a declining year-over-year net loss, measured using traditional accounting techniques.
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The one segment of CBS to post a decline was publishing, which was down 3 percent to $183 million.
The Organization for Economic Cooperation and Development has said that Ireland will post a decline of 9.8percentt in G.D.P. this year, the biggest economic contraction in the industrialized world.
Given the generally gloomy news that has been released so far this month, most economists had expected the index to post a decline.
BEHIND THE NEWS With nearly all major economies slowing down at the same time, demand for oil is contracting sharply; many analysts expect total worldwide consumption to post a decline in 2008 for the first time in 25 years.
Exports slowed, reflecting weaker demand abroad, while higher oil prices and the depreciating yen helped imports expand, leading the country to post a decline in trade surplus for the sixth consecutive month.
San Ramon, Calif.-based Chevron is one of very few oil and gas stocks to post a decline over the last 52-weeks, closing at $57.10 on Monday.
The company also reported sales growth in December, while most retailers are expected to post a decline in same-store sales.
Chipotle Mexican Grill, Yum! Brands and Panera Bread, faltered after Chipotle said it would post a decline in quarterly earnings for the first time since going public.
All expect to post a decline in net income this year, but security analysts expect them to post at least 9% average annual earnings growth over the next three to five years.
No surprise, all expect to post a decline in net income this year but security analysts expect them to post at least 9% average annual earnings growth over the next three to five years.
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