Word: profits
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Dates: during 1950-1959
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BUSINESSMEN this week could reflect once more on the folly of underestimating the power of the U.S. economy. As 1957 began, the business outlook was for a good first half and a gradual tapering off later in the year-with a creeping profit squeeze for all of 1957. But when an overall profit squeeze failed to materialize in the first quarter, businessmen raised their sights for 1957. Now many believe that the second half of 1957 will be the better half, perhaps satisfying even those who expect a zoom on top of the boom. See BUSINESS, The Better Half...
...months Wall Street has been talking about a "profit squeeze" as if it were an indisputable fact for industry as a whole. Last week, as a flood of first-quarter-earnings reports poured out, the profit squeeze proved to be more fiction than fact. The firms that could not offset rising costs with increased business were far outnumbered by those that showed profits still on the upgrade. The profit squeeze did show up in the sense that earnings often failed to keep pace with the increase in sales. But overall corporate profits for 1957's first quarter were expected...
Sales & Bonanzas. Some of the profit increases were sensational enough to please even the zoomers. In the auto industry, fast-moving Chrysler Corp. reported a 327% profit rise on record sales, to $5.34 a share-the highest in its history. Ford Motor Co. also had record sales, reported quarterly earnings of $1.85 a share, a 36% rise over last year. General Motors profit was down, but the drop was moderate (93? v. 1956's $1.01), considering the company's 9.4% drop in sales of cars and trucks in the first quarter...
Dangers Ahead. Despite all the profit and promise, the U.S. electronics industry of 1957 is studded with dangers. Booming military markets have made it possible for anyone with brains and ideas to start a business. Only the most starry-eyed expect it to last. The Pentagon is a notoriously fickle customer; a canceled program, a shift in weapons emphasis could wreck many small companies whose main business is making a single component or a single piece of equipment...
...been in the last three years. Participation in NSA can be a useful function of the Student Council, and one which should be subjected to periodic referendums. In this way Harvard students would become not only better informed about NSA, but more interested in developing its potentials. Harvard might profit even more than NSA, and trivia be transformed...