Corporate Profits Rise 6.1%

After-tax corporate profits rose a year-on-year 6.1 percent in the third-quarter, up 2 tenths from the initial estimate. The annualized rate for after-tax profits was $1.980 trillion in the quarter without inventory valuation and capital consumption adjustments.

When including inventory valuation and capital consumption adjustments, pre-tax corporate profits rose a year-on-year 10.4 percent to $2.321 trillion with after-tax profits at $2.074 trillion for a 19.6 percent gain. Taxes on corporate income, at $243.7 billion and which are calculated on this basis, fell 33.3 percent from a year ago.