Corporate profits up 28% Year on Year

Corporate profits never really were a problem even during the financial crisis.  Sure there were a few notable exceptions in the financial and automotive world, but all in all it has been a very healthy corporate sector. 

Corporate profits in the third quarter posted at an annualized $1.427 trillion from $1.383 trillion in the prior quarter. Profits in the third quarter were up an annualized 13.5 percent, following a 3.8 percent gain the previous period. Profits are after tax but without inventory valuation and capital consumption adjustments. Corporate profits are up 28.2 percent on a year-on-year basis, compared to up 38.7 percent in the second quarter.

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