After-Tax Corporate Profits Rise

After-tax corporate profits rose a year-on-year 5.9 percent in the third-quarter to $1.976 trillion without inventory valuation and capital consumption adjustments.

When including inventory valuation and capital consumption adjustments, pre-tax corporate profits rose a year-on-year 10.3 percent to $2.318 trillion with after-tax profits at $2.074 trillion for a 19.4 percent gain. Taxes on corporate income, at $244.9 billion and which are calculated on this basis, fell 32.9 percent from a year ago.