Tuesday, May 29, 2018

The 40 Largest Massachusetts Companies With Stock Market Caps Above $5 Bil Generated March 2018 Quarter Total Pretax Income Which Decreased By 5% From That in the March 2017 Quarter ........................................................................................ Consistent With the Horrible March 2018 Quarter Earnings of Health Care Companies in California and in New Jersey, Massachusetts' 15 Largest Health Care Companies Generated Total Pretax Income Which Declined By a Disastrous 40% From That in the March 2017 Quarter ........................................................................................ The 6 Financial Companies Pretax Income Increased By 18% in the March 2018 Quarter ........................................................................................ The 10 Technology Companies Pretax Income Increased By 16% in the March 2018 Quarter ........................................................................................ The 6 Manufacturing Companies Pretax Income Increased By 239% in the March 2018 Quarter, But That Was Predominately Due to GE's Pretax Loss in the March 2017 Quarter .....................................................................................

From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations, the US GAAP Net Income (Loss) From Continuing Operations and the related US GAAP Income Tax Expense for the March 2018 and 2017 Quarters for all US  Companies including both Partnerships and REITs which are Headquartered in the US State of Massachusetts with March 2018 Quarter Ends, with stock market caps above $5 Bil very recently and which have released their March 2018 Quarter Earnings by May 24, 2018.  

I will update this quarterly earnings chart later for Companies with stock market caps somewhat below $5 Bil and also for Companies with April 2018 and May 2018 Quarter End Earnings.
 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
Massachusetts Companies Pretax Tax Net Pretax Tax Net Tax Tax % Change % Change
Market Caps Above $5 Bil Income Expense Income Income Expense Income Rate Rate March Qtr March Qtr
Releasing March 2018  March Qtr March Qtr March Qtr March Qtr March Qtr March Qtr March Qtr March Qtr 2018 2018
 Qtr Earnings Thru 5-24-18 2018 2018 2018 2017 2017 2017 2018 2017 vs 2017 vs 2017
mils $ mils $ mils $ mils $ mils $ mils $
Health Care Cos
Biogen        1,494           323        1,171           987           239           748 21.6% 24.2% 51% 57%
Thermo Fisher Scientific           634             55           579           503            (48)           551 8.7% -9.5% 26% 5%
Boston Scientific           323             26           297           305             15           290 8.0% 4.9% 6% 2%
Vertex Pharmaceutical           215            (13)           228           254               4           250 -6.0% 1.6% -15% -9%
Waters Corp           141             29           112           113               8           105 20.6% 7.1% 25% 7%
Charles River Labs             63             10             53             78             31             47 15.9% 39.7% -19% 13%
Abiomed             49             12             37             29             14             15 24.5% 48.3% 69% 147%
athenahealth             39               8             31              -                 1              (1) 20.5% NM NM 3200%
Insulet              (6)              -                (6)            (10)              -              (10) 0.0% 0.0% 40% 40%
Sarepta Therapeutics            (35)              -              (35)             86               2             84 0.0% 2.3% -141% -142%
Alkermes            (67)              (4)            (63)            (73)              (4)            (69) 6.0% 5.5% 8% 9%
Sage Therapeutics            (75)              -              (75)            (57)              -              (57) 0.0% 0.0% -32% -32%
bluebird bio          (115)              -            (115)            (69)              -              (69) 0.0% 0.0% -67% -67%
Alnylam Pharmaceuticals          (141)              -            (141)          (107)              -            (107) 0.0% 0.0% -32% -32%
Hologic          (691)            (10)          (681)           968           441           527 1.4% 45.6% -171% -229%
Total all 15 Health Care Cos        1,828           436        1,392        3,007           703        2,304 23.9% 23.4% -39% -40%
Financial Companies
State Street Corp           763           102           661           584             82           502 13.4% 14.0% 31% 32%
American Tower           249            (31)           280           334             27           307 -12.4% 8.1% -25% -9%
Boston Properties           216              -             216           132              -             132 0.0% 0.0% 64% 64%
LPL Financial Holdings           120             26             94             75             27             48 21.7% 36.0% 60% 96%
Hanover Insurance Group             81             13             68             59             14             45 16.0% 23.7% 37% 51%
Iron Mountain             47               1             46             68               9             59 2.1% 13.2% -31% -22%
Total all 6 Financial        1,476           111        1,365        1,252           159        1,093 7.5% 12.7% 18% 25%
Technology Companies
Raytheon           757           133           624           695           198           497 17.6% 28.5% 9% 26%
Skyworks Solutions           292             16           276           281             56           225 5.5% 19.9% 4% 23%
IPG Photonics           142             36           106           101             26             75 25.4% 25.7% 41% 41%
Teradyne             96               9             87             92               7             85 9.4% 7.6% 4% 2%
Akamai Technologies             68             14             54             32               5             27 20.6% 15.6% 113% 100%
Aspen Technology             50             12             38             51             15             36 24.0% 29.4% -2% 6%
LogMein             43             13             30            (34)            (16)            (18) 30.2% 47.1% 226% 267%
TripAdvisor             21             16               5             25             12             13 76.2% 48.0% -16% -62%
PTC Inc             12               4               8              (1)              -                (1) 33.3% 0.0% 1300% 900%
Wayfair          (108)              -            (108)            (56)              -              (56) 0.0% 0.0% -93% -93%
Total all 10 Technology Cos        1,373           253        1,120        1,186           303           883 18.4% 25.5% 16% 27%
Manufacturing Companies
General Electric           413            (27)           440            (53)          (105)             52 -6.5% 198.1% -879% 746%
MKS Instruments           127             22           105             77             12             65 17.3% 15.6% 65% 62%
Sensata Technologies plc           105             14             91             86             14             72 13.3% 16.3% 22% 26%
Entegris             71             13             58             42               9             33 18.3% 21.4% 69% 76%
Cognex             38               1             37             39              (6)             45 2.6% -15.4% -3% -18%
PerkinElmer             28               2             26             40               4             36 7.1% 10.0% -30% -28%
Total all 6 Manufacturing Cos           782             25           757           231            (72)           303 3.2% -31.2% 239% 150%
All Other Companies
Eversource Energy           355             84           271           419           158           261 23.7% 37.7% -15% 4%
Dunkin Brands Group             59               9             50             62             18             44 15.3% 29.0% -5% 14%
Bright Horizons Family Sol             44               7             37             41              -               41 15.9% 0.0% 7% -10%
Total all 3 Other Cos           458           100           358           522           176           346 21.8% 33.7% -12% 3%
Total all 40 Massachusetts Cos        5,917           925        4,992        6,198        1,269        4,929 15.6% 20.5% -5% 1%


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