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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Andrew Brockway who wrote (18184)	3/26/1998 10:13:00 AM
From: Andrew Brockway	Respond to of 70976

To All, FYI: Corporate profits down 2.3 percent WASHINGTON, March 26 (UPI) The Commerce Department says after-tax corporate profits fell 2.3 percent in the fourth quarter after rising 4. 2 percent in the third quarter Commerce noted the decline was the first in after-tax corporate profits since the third quarter of 1996, when profits fell 0.6 percent. The government agency said corporate profits fell to an annual rate of $483.7 billion from $495.2 billion in the third quarter. Corporate cash flow fell 0.6 percent in the quarter after rising 2.6 percent in the third quarter. Pretax operating profits fell 2.1 percent after rising 4.7 percent in the previous quarter. For all of 1997, after-tax corporate profits rose 7.3 percent from a year earlier.