2018 Economic Calendar
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Corporate Profits  
Released On 6/28/2018 8:30:00 AM For Q1(r):18
PriorActual
After-tax Profits - Y/Y change0.1 %2.7 %

Highlights
Pre-tax profits are revised sharply higher for the first quarter, leading in turn to a sizable upward revision to after-tax corporate profits which are now at 2.7 percent year-on-year growth from the initial 0.1 percent rise.

Looking first at readings that exclude inventory valuation and capital consumption adjustments, pre-tax profits came in at an annualized $2.191 trillion which is up $51 billion from the initial estimate. After-tax profits are now at a $1.859 trillion annualized rate and, when compared against the $1.811 trillion rate in first-quarter last year makes for a 2.7 percent year-on-year gain.

When including inventory and capital adjustments, pretax profits were $2.252 trillion with after-tax profits at $1.920 trillion for 1.8 percent year-on-year growth and making for an annualized corporate income tax rate of $332.1 billion. This tax rate is up $3.9 billion from the first estimate and down substantially from $445.6 billion in the fourth quarter for the lowest rate 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 prices will likely fall. Corporate profits are one of the more volatile series on a yearly basis. Profits are the residual, are what's left over from revenues after expenses and taxes are taken out. While each individual component (revenues, expenses, 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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