Corporate profits

Corporate profits hit a record $ 495 billion in the third quarter as the economy reopens

U.S. corporate profits hit a record $ 495.3 billion, or an annualized rate of 27.1%, in the third quarter, as consumer demand rebounded and businesses reopened, the reports showed. Commerce Department data released Wednesday. The increase comes after declines of 12% and 10.3% respectively in the first and second quarters. The sharp rebound in profits […]

Annual profits

Tyson Foods Beats Estimates with Strong Quarterly and Yearly Profits

Tyson Foods beat expectations amid the lingering challenges of COVID-19, posting strong fourth quarter earnings per share of $ 1.81 on an adjusted basis, compared to the $ 1.18 Wall Street predicted. Revenue topped $ 10.641 billion, below the $ 10.8 billion forecast by analysts. Profits increased by 50% compared to the same period last […]