2018 Economic Calendar
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Corporate Profits  
Released On 5/30/2018 8:30:00 AM For Q1(p):18
PriorActual
After-tax Profits - Y/Y change-6.0 %0.1 %

Highlights
First-quarter corporate profits, despite getting a major boost from lower taxes, inched only 0.1 percent higher year-on-year to an after-tax $1.812 trillion annualized rate. Pre-tax profits were actually down sharply, a year-on-year 6.0 percent lower to a $2.140 trillion rate. Note that these readings are without inventory valuation or capital consumption adjustments. When including these adjustments, pretax profits were $2.200 trillion with after-tax at $1.872 trillion making for a corporate income tax rate of $328.2 billion, down from $445.6 billion in the fourth quarter and the lowest of the expansion, since third-quarter 2009.

Definition
Corporate profits are derived from the national income and product accounts and are expressed in several measures. Econoday's focus is on the most relevant measure for the total economy, after-tax profits.  Why Investors Care
 
[Chart]
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
 
 

2018 Release Schedule
Released On: 3/285/306/288/299/2711/2812/21
Release For: Q4:17Q1(p):18Q1(r):18Q2(p):18Q2(r):18Q3(p):18Q3(r):18
 


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