Friday, September 26, 2014
2Q Corporate Profits Revised Upward
Corporate profits in the second quarter were revised up to $1.842
trillion, compared to the initial estimate of $1.840 trillion and
compared to $1.735 trillion for the first quarter. Profits in the second
quarter gained an annualized 27.1 percent after an 11.0 percent drop in
the first quarter. Profits are after tax but without inventory
valuation and capital consumption adjustments. Corporate profits on a
year-on-year basis were up 4.6 percent, compared to 2.4 percent the
prior quarter.
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