Definition, Meaning & Synonyms
first-quarter
noun
/fɜrst ˈkwɔr.tər/
Definition
The first quarter refers to the initial three months of a financial year or the first division of a specific time period, typically from January to March in a calendar year.
Examples
- The company’s profits increased significantly in the first quarter of 2023.
- Many businesses evaluate their performance based on first-quarter results.
- The first-quarter sales were a major indicator of the year’s overall success.
Meaning
In financial contexts, it often denotes the period used for reporting a company’s financial performance.
Synonyms
- Q1
- initial quarter
- beginning of the year
