Earnings: The Case for Quiet Optimism

First Call's Charles Hill is heartened by quarter-over-quarter profit growth, which he believes makes a double-dip recession unlikely

Corporate earnings -- the yardstick by which the stock market calibrates its mood -- are steadily improving, according to Charles L. Hill, director of research for Thomson Financial's First Call who watches the profit barometer closely. Hill expects fourth-quarter earnings to be 7% to 8% better than those in the third.

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