US Corporate Profits Rise In 3rd Quarter

Corporate profits in the third quarter came in at $1.873 trillion, following $1.842 trillion for the second quarter. Profits in the second quarter rose an annualized 6.8 percent after a 27.1 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 3.8 percent, compared to 4.6 percent the prior quarter.