Monday, June 28, 2004

BOOM!

U.S. Companies are set to post 25% higher profits for the April to June quarter compared to the same quarter last year:

Companies in the Standard & Poor's 500 Index <.SPX> are expected to post a 20.2 percent increase in second-quarter profit over last year's second quarter, according to forecasts by Wall Street analysts, as compiled by Reuters Estimates.

But if overall estimates include the strong "surprise factor" of companies likely to beat Wall Street estimates, based on past performance, profit will show "at least 25 percent" growth, according to Ashwani Kaul, an analyst at Reuters Estimates


This news along with this information reported earlier today is great news for the economy and American workers.