Have the clouds lifted?: Second-quarter outlooks for S&P 500 companies so far are much more optimistic than the last two quarters, raising hope that the storms of Q1 are past - AFP Photo.
NEW YORK: Corporate America is letting the sun shine in on second-quarter profit outlooks, raising hope that the first quarter's storms are past.
Second-quarter outlooks for S&P 500 companies so far are much more optimistic than the last two quarters. Fewer companies are cutting estimates and those that are reducing forecasts haven't done so as aggressively as in the past.
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