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Two retailers, Target and BJ's Wholesale Club, posted increases in profit and sales in the first quarter.
And the ability of firms to service their loans rises only with nominal increases in profit, and hence in nominal GDP.
As it turned in steady increases in profit and revenue quarter after quarter, year after year, Microsoft convinced an entire generation of investors that no price was too rich to pay for a leading technology company.
Several major retailers on Thursday posted increases in profit during the quarter that included the holiday shopping season, and even Sears Holdings, which reported a 13 percent decline, topped Wall Street's forecasts.
The Procter & Gamble and Colgate-Palmolive companies posted increases in profit and sales for their most recent quarters on Thursday, but warned that rising costs would affect their results and lead to higher prices for consumers.
Since debts are always nominal (in the sense that borrowers must pay back the nominal amount that they borrowed), the ability of firms to service their loans rises only with nominal increases in profit, not with deflation-adjusted increases.
Similar(48)
Ford Credit, the automaker's unit for car loans and leases, posted a 33percentt increase in profits, to $410 million, capping a year of double-digit increases in profits.
A report by EY said many were anticipating substantial increases in profits and employment growth.
To boot, he delivered almost 20 years of unbroken "double digit" increases in profits.
And big increases in profits at the cable and network division left analysts impressed as well.
At worst, they say that increases in profits will not be quite so huge which still sounds quite attractive.
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Justyna Jupowicz-Kozak
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