Reuters
By Lewis Krauskopf
May 6, 20266:02 AM EDT
NEW YORK, May 6 (Reuters) – A humming U.S. corporate profit engine is at the heart of the U.S. stock market’s rally to record highs – an encouraging sign for investors as long as the fuel driving profits keeps flowing.
More than two-thirds through the first-quarter reporting season, S&P 500 companies are on track for their highest quarterly earnings growth in more than four years. Future projections are also growing rosier: Analysts’ estimates for future 12-month U.S. earnings have risen by over 10% since the start of the year, according to LSEG Datastream.
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