Slow profit growth last year for U.S. companies

Slow profit growth last year for U.S. companies

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BPC Staff | Jan 9, 2012 | 4:24 pm |

<1 min read time

| 60 words | Insurance

U.S. corporations ended 2011 with the slowest profit growth in two years.

U.S. corporations ended 2011 with the slowest profit growth in two years, Bloomberg reported. Standard & Poor’s 500 index companies may have earned $24.74 a share in the fourth quarter, according to analysts’ estimates compiled by Bloomberg. The projected 6 percent gain is the smallest against a year-earlier quarter since September 2009, just after the U.S. recovery began, Bloomberg said.