Profits for S&P 500 companies rose 22% in the fourth quarter and nearly 50% in 2021

(CNBC) Earnings season begins with a focus on guidance. It’s a cliché, but it’s true:  Investors are focused on the future, not the past.  But it’s even more true for 2022 than most other years. Fourth quarter earnings for the S&P 500 are expected to be up 22.4%, according to Refinitiv, capping off a remarkable 2021 where overall earnings will be up approximately 49%.

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