The 64 California Companies With Market Caps Above $10 Bil Suffered Another Earnings Setback With Their US GAAP First Quarter 2016 Total Earnings From Continuing Operations Down 10.2% From the First Quarter 2015, Consistent With the Sharp Earnings Growth Deceleration of Each of the Two Most Recent Years: Annual 2015 Total Audited US GAAP Earnings Were Down 0.1% From Annual 2014, After 2014 Earnings Were Up 11.9% Over 2013 and 2013 Earnings Were Up 25.6% Over 2012 ..... It's Pretty Clear That Both the Republican and Democratic Establishments (Especially Dianne Feinstein, Barbara Boxer and Debbie Wasserman Schulz) Have Not Created an Economic Environment Where Even the Very Best California Companies, Which Are Also the Very Best Companies in the World, Their Suppliers, Their Employees and Their Families Can Prosper Economically ..... Wait Til You See How the Smaller California Companies Have Fared Economically ..... Based on Very Preliminary Numbers, You Won't Like It, It Is Very Ugly! ..... And the Smaller the Market Cap, the Worse the Earnings Deterioration ..... The Country Is Looking For Bold Ideas on the US Economy, Not Cautious Ones ..... Cautious Hasn't Worked Except For the Very Wealthy

From both the superb Google Finance website and US Company SEC filings, below here are the reported US GAAP Earnings (Losses) From Continuing Operations For the First Quarter 2016 and the First Quarter 2015 for each of the 64 Publicly-Held California HQed Companies with Stock Market Capitalizations Above $10 Bil, presented in recent Stock Market Capitalization order:

						1st Qtr	1st Qtr
					First	2016	2015
					Quarter	Net	Net	Increase
Market					2016	Income	Income	(Decrease)
Cap		California Largest Companies	City	State	Month	(Loss)	(Loss)	Amount
$ bils		Market Cap Above $10 Bil	HQs	HQs	End	$ mils	$ mils	$ mils
492		Alphabet Inc (Google)	Mountain View	CA	Mar 16	4,207	3,515	692
484		Apple	Cupertino	CA	Mar 16	10,516	13,569	(3,053)
345		Facebook	Menlo Park	CA	Mar 16	1,510	512	998
251		Wells Fargo	San Francisco	CA	Mar 16	5,514	5,884	(370)
192		Chevron	San Ramon	CA	Mar 16	(707)	2,600	(3,307)
185		Visa	Foster City	CA	Mar 16	1,707	1,550	157
165		Oracle	Redwood City	CA	Feb 16	2,142	2,495	(353)
162		Walt Disney Co	Burbank	CA	Mar 16	2,276	2,228	48
140		Intel	Santa Clara	CA	Mar 16	2,046	1,992	54
133		Cisco Systems	San Jose	CA	Jan 16	3,147	2,397	750
113		Amgen	Thousand Oaks	CA	Mar 16	1,900	1,623	277
109		Gilead Sciences	Foster City	CA	Mar 16	3,567	4,332	(765)
75		Qualcomm	San Diego	CA	Mar 16	1,164	1,052	112
55		Avago Technologies (Broadcom Ltd)	San Jose	CA	Jan 16	377	338	39
52		Salesforce.com	San Francisco	CA	Jan 16	(26)	(66)	40
48		Paypal Holdings	San Jose	CA	Mar 16	365	255	110
48		Adobe Systems	San Jose	CA	Feb 16	254	85	169
46		Public Storage	Glendale	CA	Mar 16	317	283	34
39		Netflix	Los Gatos	CA	Mar 16	28	24	4
38		McKesson	San Francisco	CA	Mar 16	465	411	54
37		Charles Schwab	San Francisco	CA	Mar 16	412	302	110
36		Yahoo!	Sunnyvale	CA	Mar 16	(98)	22	(120)
30		Monster Beverage	Corona	CA	Mar 16	164	4	160
28		eBay Inc	San Jose	CA	Mar 16	482	449	33
27		Hewlett Packard Enterprise	Palo Alto	CA	Jan 16	267	547	(280)
27		Tesla Motors	Palo Alto	CA	Mar 16	(282)	(154)	(128)
27		Activision Blizzard	Santa Monica	CA	Mar 16	336	394	(58)
26		Intuit	Mountain View	CA	Jan 16	29	(60)	89
25		Prologis	San Francisco	CA	Mar 16	223	351	(128)
24		Intuitive Surgical	Sunnyvale	CA	Mar 16	136	97	39
24		Ross Stores	Dublin	CA	Jan 16	264	249	15
24		VMware	Palo Alto	CA	Mar 16	161	196	(35)
24		Equinix	Redwood City	CA	Mar 16	(37)	76	(113)
23		Edwards Lifesciences	Irvine	CA	Mar 16	143	123	20
23		Applied Materials	Santa Clara	CA	Jan 16	286	348	(62)
21		Franklin Resources	San Mateo	CA	Mar 16	361	623	(262)
21		Illumina	San Diego	CA	Mar 16	87	137	(50)
21		Electronic Arts	Redwood City	CA	Mar 16	899	395	504
20		HP Inc	Palo Alto	CA	Jan 16	650	770	(120)
19		NVIDIA Corp	Santa Clara	CA	Jan 16	207	193	14
17		Clorox	Oakland	CA	Mar 16	159	144	15
17		LinkedIn	Mountain View	CA	Mar 16	(45)	(42)	(3)
17		HCP Inc	Irvine	CA	Mar 16	120	(238)	358
16		Realty Income Corp	San Diego	CA	Mar 16	70	68	2
16		SanDisk	Milpitas	CA	Mar 16	78	39	39
16		Essex Property Trust	San Mateo	CA	Mar 16	87	65	22
15		Check Point Software	San Carlos	CA	Mar 16	167	161	6
14		Biomarin Pharmaceutical	Novato	CA	Mar 16	(85)	(68)	(17)
14		Workday	Pleasanton	CA	Jan 16	(81)	(59)	(22)
14		Digital Realty Trust	San Francisco	CA	Mar 16	62	122	(60)
14		Agilent Technologies	Santa Clara	CA	Jan 16	123	93	30
13		Autodesk	San Rafael	CA	Jan 16	(33)	12	(45)
12		Macerich	Santa Monica	CA	Mar 16	451	27	424
12		Palo Alto Networks	Santa Clara	CA	Jan 16	(63)	(43)	(20)
12		Lam Research	Fremont	CA	Mar 16	143	206	(63)
11		ServiceNow	Santa Clara	CA	Mar 16	(333)	(58)	(275)
11		Xilinx	San Jose	CA	Mar 16	145	135	10
11		Symantec	Mountain View	CA	Mar 16	(1,013)	55	(1,068)
11		KLA-Tencor	Milpitas	CA	Mar 16	176	132	44
11		Mattel	El Segundo	CA	Mar 16	(73)	(58)	(15)
11		Medivation Inc	San Francisco	CA	Mar 16	5	(3)	8
11		Linear Technology	Milpitas	CA	Mar 16	128	135	(7)
10		Maxim Integrated Products	San Jose	CA	Mar 16	140	79	61
10		Twitter Inc	San Francisco	CA	Mar 16	(80)	(162)	82
		Total all 64				45,707	50,883	(5,176)
		Total Earnings % Change:
		March 2016 QTR vs March 2015 QTR				-10.2%
		Annual 2015 vs Annual 2014				-0.1%
		Annual 2014 vs Annual 2013				+11.9%
		Annual 2013 vs Annual 2012				+25.6%