Friday, June 25, 2010

Corporate Profits Continue to Bounce Back

Credit Writedowns details:

Corporate profits were revised higher to 8.0% from 5.5%, which is the same as in Q4. Corporate income taxes also rose and the increased government revenue is one the reasons why the size of the monthly Treasury auctions have been reduced slightly. On an after tax basis, corporate profits rose by 5% rather than the early estimate of 2.1%.

Source: BEA

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