2018 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Corporate Profits  
Released On 8/29/2018 8:30:00 AM For Q2(p):18
PriorActual
After-tax Profits - Y/Y change2.7 %6.7 %

Highlights
After-tax corporate profits rose a year-on-year 6.7 percent in the second quarter to $1.969 trillion without inventory valuation and capital consumption adjustments. Pretax profits on this basis were $2.206 trillion for only a 0.2 percent yearly gain that, in comparison to the strong gain for after-tax profits, underscores the significant effect of this year's corporate tax cut.

When including inventory valuation and capital consumption adjustments, pre-tax corporate profits rose a year-on-year 7.7 percent to $2.250 trillion with after-tax profits at $2.013 trillion for a 16.1 percent gain. Taxes on corporate income, at $237.1 billion and which are calculated on this basis, fell 33.4 percent from the second quarter of 2017.

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
 


powered by  [Econoday]