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Covid-19 trashed profitability in the second quarter last year. April 1 kicks off a new period that, for many U.S. companies, will look stellar by comparison.
Activity is already bouncing back, including in some of the areas hit hardest by the pandemic.
Revenue of S&P 500 Index companies grew 9% in the first quarter compared to the same period last year, according to analyst estimates compiled by Refinitiv, and profit surged an estimated 24%.