2013 Economic Calendar
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Corporate Profits  
Released On 12/5/2013 8:30:00 AM For Q3:13
After-tax Profits - Y/Y change5.3 %5.8 %

Corporate profits in the third quarter posted at $1.872 trillion, up from $1.821trillion the prior quarter. Profits in the third quarter increased an annualized 11.5 percent, following a gain of 8.5 percent in the second quarter. Profits are after tax but without inventory valuation and capital consumption adjustments. Corporate profits on a year-on-year basis increased 5.8 percent versus 5.3 percent in the second quarter.

Corporate profits, as reported by the Bureau of Economic Analysis (BEA), are summarized briefly as the income of organizations treated as corporations in the national income and product accounts. The BEA reports several measures of profits. Profits from current production (corporate profits with inventory valuation and capital consumption adjustment), are also known as operating or "economic" profits. Capital consumption adjustment deals with the differences in depreciation allowances used for accounting and income tax purposes. Inventory valuation adjustment (IVA) deals with the difference in measuring the cost of inventory replacement. Book profits amount to operating profits subtracting out inventory valuation and capital consumption adjustments. After tax profits are book profits after taxes are subtracted. The Econoday reports focus on after tax profits reported by the BEA, since these are the most relevant.  Why Investors Care
Corporate profits are key in the determination of a company's stock price. When corporate profits are rising, then stock prices will likely rise; when profits are falling, then equity prices will probably decline as well. Corporate profits are one of the more volatile series on a yearly basis. Profits are the residual - the left over - from revenues after expenses are taken out - and taxes for after-tax corporate profits. While each component (revenues, expenses, and taxes) is not that volatile, the net is.
Data Source: Haver Analytics

2013 Release Schedule
Released On: 3/285/306/268/299/2612/512/20
Release For: Q4:12Q1:13Q1:13Q2:13Q2:13Q3:13Q3:13

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