The 30 Tennessee Companies With Market Caps of at Least $1 Bil Posted March or April 2018 Quarter Total Pretax Income (PTI) of $4.2 Bil, Up 7% From Their March or April 2017 Quarter and 5% Below the 12% Earnings Growth of All US Companies With the Same Market Caps ....................................................................................... Tennessee Health Care Cos Were a Tale of Two Stories, Pretty Much Similar To What's Going On Now All Over the US ..... The Giant Hospital Chain HCA Health Care Generated March 2018 Quarter PTI of a Huge $1.539 Bil, Up By An Exceptional 44% Over the March 2017 Quarter. On the Other Hand, the 7 Other Smaller Health Care Cos Generated a March 2018 Quarter Total Pretax Loss of $297 Mil, Down By a Disastrous 236% From the March 2017 Quarter ....................................................................................... The 5 Tennessee Manufacturing Cos Posted March 2018 Quarter Total PTI Which Increased By a Very Robust 32% From Their March 2017 Quarter ....................................................................................... The 10 Tennessee Financial Cos Posted March 2018 Quarter Total PTI Which Was Up By a Robust 14% From Their March 2017 Quarter ....................................................................................... The 4 Tennessee Retailing Cos Generated April 2018 Quarter Total PTI Which Increased By a Modest 2% From Their April 2017 Quarter ....................................................................................... And the 3 Tennessee Cos in all Other Sectors Posted March 2018 Quarter Total PTI Which Was Down Sharply By 54% From Their 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 or April 2018 and 2017 Quarters for all US  Companies including both Partnerships and REITs which are Headquartered in the US State of Tennessee with March 2018 or April 2018 Quarter Ends, with stock market caps above $1 Bil recently and which have released their March 2018 or April 2018 Quarter Earnings by June 8, 2018.  

I will update this quarterly earnings chart later for Companies with April 2018 and May 2018 Quarter End Earnings which haven't reported their April or May 2018 Quarter Earnings yet.

									US GAAP	US GAAP		US GAAP	US GAAP
	US GAAP	US GAAP	US GAAP		US GAAP	US GAAP	US GAAP		Effective	Effective		Pretax	Net
	Pretax	Income	Net		Pretax	Income	Net		Income	Income		Income	Income
	Income	Tax	Income		Income	Tax	Income		Tax	Tax		% Change	% Change
Tennessee Companies	(Loss)	Expense	(Loss)		(Loss)	Expense	(Loss)		Rate	Rate		March or	March or
Market Caps At Least $1 Bil	March or	March or	March or		March or	March or	March or		March or	March or		April Qtr	April Qtr
Releasing March or April 2018	April Qtr	April Qtr	April Qtr		April Qtr	April Qtr	April Qtr		April Qtr	April Qtr		2018	2018
Qtr Earnings By June 8, 2018	2018	2018	2018		2017	2017	2017		2018	2017		vs 2017	vs 2017
	mils $	mils $	mils $		mils $	mils $	mils $
Health Care Cos
HCA Healthcare	1,539	257	1,282		1,066	289	777		16.7%	27.1%		44%	65%
Other Health Care Cos
Envision Healthcare	94	6	88		105	18	87		6.4%	17.1%		-10%	1%
Acadia Healthcare	48	(3)	51		49	14	35		-6.3%	28.6%		-2%	46%
Tivity Health	28	7	21		25	9	16		25.0%	36.0%		12%	31%
Life Point Health	(3)	2	(5)		96	32	64		-66.7%	33.3%		-103%	-108%
National Healthcare	(3)	-	(3)		21	8	13		0.0%	38.1%		-114%	-123%
Wright Medical Group NV	(20)	-	(20)		(36)	1	(37)		0.0%	-2.8%		44%	46%
Brookdale Senior Living	(441)	16	(457)		(42)	84	(126)		-3.6%	-200.0%		-950%	-263%
Total 7 HealthCare Cos..No HCA	(297)	28	(325)		218	166	52		-9.4%	76.1%		-236%	-725%
Manufacturing Cos
International Paper	451	89	362		265	73	192		19.7%	27.5%		70%	89%
Eastman Chemical	350	60	290		341	62	279		17.1%	18.2%		3%	4%
Louisiana-Pacific	125	30	95		71	16	55		24.0%	22.5%		76%	73%
Mueller Industries	31	7	24		42	12	30		22.6%	28.6%		-26%	-20%
Astec Industries	26	6	20		23	8	15		23.1%	34.8%		13%	33%
Total all 5 Manufacturing Cos	983	192	791		742	171	571		19.5%	23.0%		32%	39%
Financial Cos
Unum Group	341	68	273		330	100	230		19.9%	30.3%		3%	19%
First Horizon National	125	30	95		85	27	58		24.0%	31.8%		47%	64%
Pinnacle Financial Partners	103	20	83		54	14	40		19.4%	25.9%		91%	108%
Mid America Apartment Comm	51	-	51		43	-	43		0.0%	0.0%		19%	19%
Education Realty Trust	41	-	41		15	(1)	16		0.0%	-6.7%		173%	156%
CoreCivic	40	2	38		53	3	50		5.0%	5.7%		-25%	-24%
National Health Investors	38	-	38		44	-	44		0.0%	0.0%		-14%	-14%
Ryman Hospitality Properties	29	2	27		33	-	33		6.9%	0.0%		-12%	-18%
FB Financial	25	5	20		15	5	10		20.0%	33.3%		67%	100%
Healthcare Realty Trust	9	-	9		32	-	32		0.0%	0.0%		-72%	-72%
Total all 10 Financial Cos	802	127	675		704	148	556		15.8%	21.0%		14%	21%
Retailing Cos
AutoZone	504	137	367		494	162	332		27.2%	32.8%		2%	11%
Dollar General	465	100	365		445	166	279		21.5%	37.3%		4%	31%
Tractor Supply	90	19	71		93	33	60		21.1%	35.5%		-3%	18%
Cracker Barrel	60	11	49		68	21	47		18.3%	30.9%		-12%	4%
Total all 4 Retailing Cos	1,119	267	852		1,100	382	718		23.9%	34.7%		2%	19%
Cos in Other Sectors
ServiceMaster Global	54	14	40		62	24	38		25.9%	38.7%		-13%	5%
Forward Air Corp	24	6	18		24	9	15		25.0%	37.5%		0%	20%
Delek US Holdings	(29)	(17)	(12)		20	5	15		58.6%	25.0%		-245%	-180%
Total 3 Cos in all Other Sectors	49	3	46		106	38	68		6.1%	35.8%		-54%	-32%
Total all 30 Tennessee Cos	4,195	874	3,321		3,936	1,194	2,742		20.8%	30.3%		7%	21%