Corporate Profits Tanked

Sam Ro, Business Insider
Fri, 05/29/2015 - 5:47am

The US economy shrank in during the first three months of 2015. According a new report from the Bureau of Economic Analysis, Q1 GDP fell by 0.7%. That same report revealed that US corporate profits plunged 8.7% during the period. "Corporate profits fell victim to three factors: slow growth, strong dollar and falling energy prices," tweeted Bloomberg economist Carl Riccadonna.

Topics: q2 looks only bureau economic analysis q1 gdp carl riccadonna reuters jamie mcgeever now watch game thrones corporate profits report growth fell

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Corporate Profits Tanked

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