29 October 2001, 12:52 US Corp Profits Outlook Sags
The fourth-quarter outlook for U.S. corporate profits sinks by the day, hurt by poor economic sentiment
soured further by the Sept. 11 attack. Of roughly 5,000 publicly listed
U.S. companies, 246 have already cut projections for the
October-December quarter, which is expected to mark the fourth straight
quarter of profit contraction.
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