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The Net Income of a company is its total profit or earnings. It is the company's revenue minus costs (expenses, interest, depreciation, taxes).
The Net Income, also called Net Earnings and Net Profit, can be used by a company to distribute dividends and it can be held as retained earnings.
As with the Revenues figure, the Net income is also available in the company's income statement; it is referred to as the "bottom line" because it is available at the bottom of the income statement, while the Revenues is referred to as the "top line" because you can find it at the top of the income statement.
The Net Income is a very important measure of the profitability of a company. It is used to calculate several financial and fundamental ratios including the earnings per share.
This object gets historical data of US stocks' Net Income. The data is available in the following database "Fundamental", under the "Net_Income" field.
Here is the formula that allows you to get the Net Income time series of a specific stock:
GetData("fundamental", "net_income", LastData)
You can use this time series to plot data, create trading rules, neural network models...
You can also download US Stocks' Revenues historical data using the following object Company Revenues - US Stocks.
This item allows you to create an historical fundamental database. If you need only the last value of the Net Income for US companies, you may use Income Statement & Growth.
