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Monday, October 14, 2019
HomeNewsCompaniesBEA: Corporate Profits Rise $26.8 Billion in 2Q 2017

BEA: Corporate Profits Rise $26.8 Billion in 2Q 2017

Pedestrians walk through the Canary Wharf financial district of London January 16, 2009. (Photo: Reuters)
Pedestrians walk through the Canary Wharf financial district of London January 16, 2009. (Photo: Reuters)

Pedestrians walk through the Canary Wharf financial district of London January 16, 2009. (Photo: Reuters)

Corporate Profits from current production increased $26.8 billion in the second quarter (2Q) juxtaposed to a decline of $46.2 billion in the first quarter (1Q). They rose 8.1% year-on-year in 2Q 2017 to an annualized $1.785.9 trillion, up from $1.652.1 trillion in 2Q 2016.

The Bureau of Economic Analysis (BEA) covers corporate profits, which are essential to a company’s stock price, with inventory valuation adjustment and capital consumption adjustment.

Profits of domestic financial corporations decreased $29.4 billion in the second quarter compared with a decrease of $40.7 billion in the first quarter. Profits of domestic non-financial corporations increased $64.8 billion, compared with an increase of $3.8 billion.

The rest-of-the-world component of profits fell $8.6 billion, compared with a slightly steeper decline of $9.3 billion. This measure is calculated as the difference between receipts from the rest of the world and payments to the rest of the world. In the 2Q, receipts increased $8.5 billion and payments increased $17.1 billion.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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