Angsuman Chakraborty
Posts: 19816
Nickname: angsuman
Registered: Dec, 2003
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Angsuman Chakraborty is the CEO and Chief Architect at Taragana
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Reality Check: Companies see profits again despite recession, but revenue still missing
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Posted: Jul 24, 2009 10:55 PM
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Profits embolden US companies, but revenue lacking
NEW YORK â Corporate America is turning a profit again, but only by spending less, not making more.
While recent bullish profit reports have fueled the stock market, a true economic revival will depend on consumers opening their wallets. So far, there's little evidence of that.
Big names such as Caterpillar, [...]
Read: Reality Check: Companies see profits again despite recession, but revenue still missing
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