Corporate profits off the coast of solid start for 2Q

NEW YORK (AP) - many fears that American companies could compromise out of soft patch in the economy.The profits of the business come to better than expected for the time being in season earnings in the second quarter despite concerns about the potential of future difficulty.Strong signs of blue-chip companies such as Apple, Coca-Cola, and McDonald put the quarter on the way to a new record for operating earnings. "The companies in the sector in great shape,"said Joseph lavorgna, Chief U.S. economist at Deutsche Bank." "The economy is a little more healthy that we thought that it was".Apart from the stubbornness continues on the hiring of workers more than the companies, the first results are good news for investors and anyone feared that the impasse over the debt limit to Washington or to the financial crisis in Europe could inflict serious damage.Desire of consumers to spend on food fast, electronic gadgets and other elements helped fuel quarterly results better than expected. Among the soloists:- Apple Inc. has more than doubled its profit of 7,31 billions of dollars on a break of 82 per cent of the income, the other testimony to the growing popularity of the iPhone and iPad. -Coca-Cola Co. has more than tripled net income of 5.77 billion that the largest manufacturer of beverages in the world has increased its strength in emerging markets, such as Latin America, the India and China, while stable sales in Europe and the United States. -Harley-Davidson Inc. has more than doubled its profit to $ 191 million, showing an increase in U.S. motorcycle sales for the first time since 2006 and expand its overseas market share. -Corp. of McDonald's, increased net income 15 per cent to $ 1.4 billion on a jump of 16 per cent of the income, attract more customers to its menu expansion and array of coffee drinks, even though it raised prices.In many other industries has also blew past the expectations of Wall Street this week, including the issuer of credit card american Express Co., toy manufacturer Hasbro Inc., services oil company Halliburton Co., computer company IBM Corp., manufacturer of chips Intel Corp. and insurer UnitedHealth Group said Inc.all health, 148 companies in the index of Standard & Poor of 500 have reported earnings and 73 percent beat expectations of Wall Street. It is a little ahead of the typical rate of two-thirds that surpass the estimates.The companies reported Friday had $24.52 per share to earnings this operating - profit before you subtract the interest charges and tax-senior analyst index S & P Howard silverblatt. The record of $24.06 per share has been in the second quarter of the 2007.Wall prediction of the next Street analysts two quarters to be even better at $25.30 per share in the third quarter and $26.47 by action of the fourth. That is assuming that the economy is not dragged down by the impasse of the deficit reduction or another problem.Out of the recession, companies the first time the explosive growth of gains early last year. The pace has slowed, but it is still in progress. At the current rate, in the second quarter earnings would better that year last of 17%."It has not all been smooth going, such as Caterpillar Inc.".deficit of large s gains Friday pointed out. The largest manufacturer of construction and mining equipment has been a success because of the earthquake and Japan.Other tsunami disaster stumbling this week at the world from drugmaker Johnson & Johnson, the aircraft manufacturer Whirlpool Corp. and companies air big burdened by higher fuel costs: AMR Corp., and US Airways Group Inc.CEOs and financial frameworks leader also were particularly cautious in their comments on the next trimestresSelon to Quincy KrosbyPrudential Financial financial market strategist. "" A little bit of uncertainty entered orientation of companies, "said Krosby. "" You have heard many "It is difficult," it is difficult, ' we believe that we are going to do, but we are not convinced that. " "That language coverage, she said, has to do with the possibility for other problems develop from economic dramas and political current in Europe and in Washington.Yet the stock market itself has not shown much sign of concern. The S & P 500 increased by 2.2% this week after was reduced by 2% in the past two weeks.This shows that investors are not display of positive instances of companies with skepticism, said Rob stein, founder and senior portfolio for Chicago astor asset ManagementManager. "" Earnings season was at the upper end of expectations ", he said. "More important still, it was well received by street."