U.S.: Those Profit Forecasts May Be Too Rosy
If you are one of the millions of stock market investors in the U.S., the Commerce Dept. has some sobering news for you: In the fourth quarter of last year and in this year's first quarter, the economy grew at an average annual rate of 4.2%, and profits fell in both quarters. If earnings declined in an economy that strong, what is going to happen to profits in coming quarters as the economy slows?
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