| US GAAP | US GAAP | US GAAP | US GAAP | |||||||||
| US GAAP | US GAAP | Effective | Effective | Pretax | Net | |||||||
| US GAAP | Income | US GAAP | US GAAP | Income | US GAAP | Income | Income | Income | Income | |||
| US Technology Company | Pretax | Tax | Net | Pretax | Tax | Net | Tax | Tax | % Change | % Change | ||
| With Market Caps > $200 Bil | Income | Expense | Income | Income | Expense | Income | Rate | Rate | March Qtr | March Qtr | ||
| Releasing March 2018 Quarter | March Qtr | March Qtr | March Qtr | March Qtr | March Qtr | March Qtr | March Qtr | March Qtr | 2018 | 2018 | ||
| Earnings Through 4-27-18 | 2018 | 2018 | 2018 | 2017 | 2017 | 2017 | 2018 | 2017 | vs 2017 | vs 2017 | ||
| mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | |||||||
| Microsoft | 8,641 | 1,217 | 7,424 | 7,094 | 1,608 | 5,486 | 14.1% | 22.7% | 22% | 35% | ||
| Alphabet | 10,543 | 1,142 | 9,401 | 6,819 | 1,393 | 5,426 | 10.8% | 20.4% | 55% | 73% | ||
| Amazon.com | 1,916 | 287 | 1,629 | 953 | 229 | 724 | 15.0% | 24.0% | 101% | 125% | ||
| 5,610 | 622 | 4,988 | 3,408 | 344 | 3,064 | 11.1% | 10.1% | 65% | 63% | |||
| Visa | 3,217 | 612 | 2,605 | 2,702 | 2,272 | 430 | 19.0% | 84.1% | 19% | 506% | ||
| Intel | 5,011 | 557 | 4,454 | 3,815 | 851 | 2,964 | 11.1% | 22.3% | 31% | 50% | ||
| Total all 6 | 34,938 | 4,437 | 30,501 | 24,791 | 6,697 | 18,094 | 12.7% | 27.0% | 41% | 69% |
Saturday, April 28, 2018
The 6 US Technology Corps With Market Caps Above $200 Bil Which Have Reported Their March 2018 Earnings By April 27, 2018 Generated US GAAP March 2018 Quarter Total Earnings Which Increased By 69% Over Their March 2017 Quarter ........................................................................................ Consistent With the Trump Tax Cuts Act, These 6 US Techs Posted a March 2018 Quarter Effective Income Tax Rate of 12.7%, Down Dramatically From Their March 2017 Quarter Effective Income Tax Rate of 27.0% ........................................................................................ On the Positive Side, This Shows Just How Powerful the US Technology Trend Continues ........................................................................................ But On The Very Negative Side, With US GDP Growth of Only 2.3% in the 1Q 2018, With Weak 1Q 2018 US Consumer Spending and With The Huge and Growing Annual US Federal Deficits From the Trump Tax Cuts Act, This Also Shows That the Very Costly Benefits From the Trump Tax Cuts Act Are Not Trickling Down to the Middle and Lower US Economic Classes and That US Income Inequality Continues to Expand Enormously
The following financial information comes from SEC filings:
