2018 Economic Calendar
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Corporate Profits  
Released On 9/27/2018 8:30:00 AM For Q2(r):18
PriorActual
After-tax Profits - Y/Y change6.7 %6.4 %

Highlights
After-tax corporate profits rose a year-on-year 6.4 percent in the second quarter to $1.962 trillion without inventory valuation and capital consumption adjustments. This is revised from an initial estimate of 6.7 percent. Pretax profits on this basis were $2.197 trillion for an outright year-on-year decline of 0.1 percent 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 7.3 percent to $2.242 trillion with after-tax profits at $2.008 trillion for a 15.8 percent gain. Taxes on corporate income, at $234.8 billion and which are calculated on this basis, fell 34.0 percent from the second quarter of 2017 which is a decisive measurement of this year's corporate tax cut.

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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