John Authers, Columnist

Third-Quarter Earnings Part II: This Time It’s Personal

A closer look at American corporate profitability suggests its strength owes much to financial engineering and accounting sleight of hand.

There’s a squeeze coming.

Photographer: iStockphoto/Getty Images

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Newsletters are a wonderful thing, and I now know that subscribers are very interested in corporate earnings. So, without any mention of whether third-quarter earnings will be higher or lower than expected, I need to broach the subject again, even after going through it in detail yesterday. Thank you all for the feedback.