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Industry News
22nd August 2017

Boost from abroad gives U.S. companies best quarter since 2004

Corporate profits in the second quarter have beaten estimates at more than three-quarters of the Standard & Poor’s 500 member companies. Demand from overseas is driving the best earnings season for U.S. companies in 13 years, with top executives from Dow Chemical Co. to Morgan Stanley citing rising foreign sales, a dynamic that should help propel gains in the second half.

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