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However, since the virus outbreak began affecting companies from the second half of March, its affect is expected be extra pronounced in second-quarter results. For this reporting cycle, analysts expect considerable drop in earnings and revenues from the sector. Complete earnings of enterprise services firms in the S&P 500 universe are expected to be down 26.4% on 9.4% lower revenues (read extra:The Technology Sector Shows Its Earnings Power Amid Coronavirus).
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