R&D tax extension boosts profits in Q1

06/14/2013 | Wall Street Journal, The

The extension of the research and development tax credit bolstered recent quarterly earnings for many companies. Companies in the Standard & Poor's 500 index set aside 5.6% less money for taxes, in general. Without the tax credit, analysts predict that S&P 500 earnings will rise 2.7% in the second quarter, half of what was posted for the first.

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Wall Street Journal, The

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