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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Haim R. Branisteanu who wrote (30796)5/26/2005 12:06:46 PM
From: mishedlo  Read Replies (1) of 116555
 
U.S. Q1 before-tax corporate profits rise record 23.6%
Thursday, May 26, 2005 12:45:33 PM
afxpress.com

WASHINGTON (AFX) -- U.S. corporations' before-tax profits from current production rose a record 23.6% to $1.307 trillion annualized in the first quarter, the Commerce Department estimated Thursday. The increase brought the year-over-year growth up to 35.9%, the fastest growth since the third quarter of 1987. The government data are adjusted for inventory valuations and capital consumption
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