U.S. Corporate profits set to suffer as commodity prices bite

The Financial Times reports:

Analysts expect companies to report slower growth in profits for the first quarter as rising commodity prices dent profit margins and risk hitting consumer spending.

Earnings per share for companies in the S&P 500 index grew 41 per cent in 2010 following a sharp slowdown in 2009, according to Thomson Reuters, but are forecast to grow just 13.6 per cent in the first quarter compared with the same period a year ago.

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