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BOSTON CAPITAL

Profit growth expected to take breather

By Steven Syre

 |  Globe Columnist  

  April 10, 2012

Corporate profits have been booming in America since late 2009. But big companies that begin posting first-quarter financial reports Tuesday are expected to report a slower pace of earnings growth. Companies that make up the Standard & Poor’s 500 index are expected to report profit growth of about 3 percent for the quarter - a much slower pace compared with double-digit increases last year. What does that say about the economy and direction of the stock market?

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