Thursday, February 1, 2018

Mountain View, CA-Based Software Co Symantec Dec 2017 Quarter Was Strong With Revenues Up 16% Over the Dec 2016 Quarter, Pretax Income Was Up 12 TIMES and Net Income Up 24 TIMES .................................................................................... The Driver of the Off-the-Charts Pretax Income Increase Was a $658 Mil Gain on Divestiture .................................................................................... The Main Driver of the Off-the-Charts Net Income Increase Was a Tax Benefit of $810 Mil Due To the Trump Tax Bill .................................................................................... The Trump Tax Bill $810 Mil Tax Benefit Included a Reversal of the $1,400 Mil Deferred Income Tax Liability on Foreign Earnings Already on the Books Offset Partially By the Tax Cost of Mandatory Foreign Earnings Repatriation of $821 Mil Plus an Additional $200 Mil of Other Tax Benefits