Shares to rally as profits grow at fastest clip in three years
Alex GluyasMarkets reporter
US company profits have been growing at the fastest pace in almost three years, providing a fresh boost to the sharemarket as it tests record levels in the second half of the year.
That is according to analyst expectations for the June quarter, which has earnings growing at 9 per cent from the same period last year. It would also mark the strongest growth rate since the final three months of 2021.
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