Businesses Make Money Once Again
Press release from the issuing company
Monday, October 18th, 2010
Many of Georgia’s businesses are expected to rake in the profits in the final months of 2010, despite continued gloom about the economy.
Wall Street analysts project that profits will be up by double-digit rates at most of Georgia’s largest publicly traded companies, and generally could match their profits in late 2007, when the worst recession in decades was just beginning.
Fourth-quarter profits at package shipper UPS, consumer products firm Newell Rubbermaid and money manager Invesco, for instance, are expected to be up more than 30 percent compared to last year.
