U.S. Double-digit Profit Growth to Extend to 1st qtr

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00003049-us-double-digit-profit-growth-to-extend-t/

By Caroline Valetkevitch, Reuters

The fourth-quarter earnings period for top U.S. companies should finish above analysts’ earlier expectations, largely because of energy’s strong performance, while forecasts for the first quarter show more double-digit gains.

Fourth-quarter earnings for S&P 500 companies are now expected to rise 14 percent from a year ago, compared with forecasts of 12 percent earlier in the period, according to data compiled by Reuters Estimates.

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