U.S. Company Income Soared in Second Quarter, Boosted by Tax Cuts and Financial Development

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WASHINGTON—U.S. company earnings boomed within the second quarter, boosted by massive tax cuts and stronger financial progress than initially reported.

The Commerce Division mentioned Wednesday that its broadest measure of after-tax earnings throughout the U.S. rose 16.1% within the quarter ended June 30 from a 12 months earlier, the most important year-over-year achieve in six years.

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Supply hyperlink – https://www.wsj.com/articles/u-s-corporate-profits-soared-in-second-quarter-boosted-by-tax-cuts-and-economic-growth-1535559230?mod=pls_whats_news_us_business_f

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