At Least Profits Are Recovering

Happy days are here again--or at least it's starting to look that way. For the second quarter in a row, U.S. corporate profits showed signs of a comeback. Profits before extraordinary items rose 20% on average in the second quarter at the 900 companies in BUSINESS WEEK's Corporate Scoreboard. For the first six months of 1992, earnings increased 11%, while revenues grew 4%.

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