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The earnings surge, when Lucent is not included, is being led by financial and energy companies, followed by technology businesses.
More important, there has been a dramatic improvement in receipts to the federal government, as corporate earnings surge and the economy recovers.
JPMORGAN EARNINGS SURGE 31% | JPMorgan Chase reported a 31 percent increase in second-quarter earnings on Friday, helped by strong gains in its investment banking business, its credit card operations and in its mortgage lending division.
In the June 2005 fiscal year Microsoft saw earnings surge 49% to $12.2 billion on $39.8 billion in revenue.
Fish beat superheroes: The Incredibles did well for Pixar Animation Studios at the box office, but not well enough to equal last year's earnings surge from Finding Nemo DVDs.
For the third quarter, announced after we went to press, analysts expect an earnings surge of around 60%. There's gossip, quickly denied by both parties, that a deal is in the works in which Total will acquire a big chunk of Shell.
Similar(48)
[C5.] Black & Decker Earnings Surge Black & Decker said that second-quarter earnings surged 61percentt on the fastest sales growth in more than a dozen years.
[C11.] EBay Inc. said first-quarter earnings surged 92percentthethe most in a year.
The company said quarterly earnings surged 47percentt on a turnaround at its reinsurance unit.
German unemployment fell more than expected, while earnings surged for some of the country's biggest companies.
[C4.] J.P. Morgan Chase said that earnings surged 36percentt in the first quarter, even though tough conditions dampened the operating performance of its consumer businesses.
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