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Thursday, April 2, 2020

Telecommunications industry's Q2 income down 46.3%


By Metric Media News Service | Dec 19, 2019

The telecommunications industry's after-tax income in the second quarter of 2019 was down 46.3 percent over the same period last year, according to the U.S. Census Bureau.

A company's after-tax income represents the net income after the firm has deducted all federal, state and local taxes owed. It also amounts to the disposable income a company has on hand.

The Census Bureau's Quarterly Financial Report (QFR), which was released in November, presents industry data based on information from about 11,000 corporations. The data comes from income and earnings statements, balance sheets and other records from manufacturers with assets of at least $250,000, the bureau said.

Other statistics come from companies with at least $50 million in assets in the categories of mining, wholesale trade, retail, professional and technical services, and information.

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