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September 25, 2023

Worries are rising about inflated profit expectations on Wall Street

By STAN CHOE
AP Business Writer

NEW YORK — Corporate profits may have already hit bottom: After falling for much of the last year, S&P 500 companies are expected to report 0.2% profit growth for the summer.

While that sounds anemic, it would be the first quarter of growth in a year, according to FactSet.


 
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