More than half of the combined net-income growth reported by 200 large public companies in the first quarter stemmed from a decline in the companies' effective tax rates. The story "The New Corporate Diet: Fatter Profits, Skinnier Tax Bills" at 8 a.m. ET incorrectly stated in the second paragraph that more than half of the combined net income was from the tax overhaul.

(END) Dow Jones Newswires

May 03, 2018 09:47 ET (13:47 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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