What to Expect From Q1 Earnings

Alcoa Inc. ( AA ) kicked off earnings season with better-than-expected earnings, but lackluster revenue and a grim outlook sent shares about 5% lower on Tuesday morning. Analysts are expecting similar performance from the rest of the market, which continues to struggle with low oil prices and a strong dollar. According to FactSet , S&P 500 profits are expected to fall 9.1% year over year, despite earlier projections calling for 0.7% growth.