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Saturday, August 8, 2020
HomeNewsCompaniesCorporate Profits Gained 4.1% in Fourth Quarter 2019

Corporate Profits Gained 4.1% in Fourth Quarter 2019

A graphic concept for earnings season and corporate profits depicted by a 3D stock market ticker. (Photo: AdobeStock)

Corporate Profits Rose 4.1%, or $53.0 Billion in Q4 2019

Washington, D.C. (PPD) — The Bureau of Economic Analysis (BEA) reported corporate profits rose 4.1%, or $53.0 billion in the fourth quarter (Q4) 2019. That compares to a 1.1% decline of $4.7 billion in Q3 2019.

The figures cover current production, or corporate profits with inventory valuation and capital consumption adjustments.

There were no forecast ranges or consensus forecast to report.

A graphic concept for earnings season and corporate profits depicted by a 3D stock market ticker. (Photo: AdobeStock)
A graphic concept for earnings season and corporate profits depicted by a 3D stock market ticker. (Photo: AdobeStock)

Profits of domestic financial corporations rose $0.7 billion in Q4 2019 after declining by $4.7 billion in the previous quarter. Profits of domestic nonfinancial corporations gained $53.7 billion after declining by $5.5 billion.

Rest-of-the-world profits fell $1.4 billion, in contrast to an increase of $5.5 billion. In Q4 2019, receipts increased $3.4 billion, and payments increased $4.8 billion.

In 2019, profits from current production were unchanged, compared with an increase of $68.7 billion in 2018. Profits of domestic financial corporations rose $7.1 billion, compared with a gain of $11.1 billion.

Profits of domestic nonfinancial corporations fell $36.4 billion, after an increase of $10.0 billion. Rest-of-the-world profits gained $29.3 billion, compared with a gain of $47.6 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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