INVESTORS are breathing sighs of relief that corporate profits haven’t waned as much as feared, giving new life to a stock-market rally that had largely stalled since the summer.
Although earnings are on track to decline for the third consecutive quarter, about 75% of the 342 companies in the S&P 500 that have posted results through Thursday morning have beaten expectations, according to FactSet. That is slightly above the five-year average of 72%.
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