Company News, Financial News

A New Optimism

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By: TOM BRANNA

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The number of companies forecasting stronger profits in the second quarter is on the rise, according to a report from Reuters. Following a weak second quarter in 2002, more companies still predict meager profits as opposed to the number of companies that are optimistic, but the gap is narrowing, according to research from Reuters. Tim Connors, chief investment officer of value equities, Delaware Investments, commented, “Similar to the first quarter, companies have tried to keep expectations lo...

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