Profits Surge at Big U.S. Firms

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America’s biggest companies are reporting some of the strongest earnings growth since the recession, boosted by lowered tax rates and a robust U.S. economy that is fueling demand across industries.

Profits at SP 500 companies jumped an estimated 23.5% in the three months through June, according to data from Thomson Reuters, more than two and half times revenue growth in the same period.

The…