investors are preparing for the unofficial start of first-quarter earnings season next week. Company earnings forecasts combined with strong retail sales numbers released Thursday have led many to anticipate that early reported financials will exceed analysts' estimates.
February wholesale inventories came in at $393.5 billion up 0.6% from the revised January level but down 7.4% from a year ago. The January preliminary estimate was also revised upward $1.0 billion, or 0.3%. Sales of merchant wholesalers, except manufacturers' sales branches and offices, after adjustments were $338.7 billion, up 0.8% from the revised January level and up 9.8% from the February 2009 level.
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