.......................................................................................
All 27 Largest California Technology Companies With Stock Market Caps Above $10 Bil Posted June 2018 Quarter Total US GAAP Pretax Income (PTI) From Continuing Operations of $38.195 Bil, Up a Robust 20% From Their Total PTI of $31.918 Bil in Their June 2017 Quarter. But On the Downside, This 20% Earnings Growth Is a Marked Earnings Growth Deceleration From Their Exceptional 32% Earnings Growth in the March 2018 Quarter Over the March 2017 Quarter ........................................................................................
California Oil & Gas Giant Chevron Posted June 2018 Quarter Total US GAAP Pretax Income (PTI) From Continuing Operations of $4.905 Bil, Up an Off-the-Charts 151% From Its Total PTI of $1.953 Bil in Its June 2017 Quarter. This 151% Earnings Growth Is a Strong Earnings Growth Acceleration From Its Already Exceptional 62% Earnings Growth in the March 2018 Quarter Over the March 2017 Quarter
.......................................................................................
California Oil & Gas Giant Chevron Posted June 2018 Quarter Total US GAAP Pretax Income (PTI) From Continuing Operations of $4.905 Bil, Up an Off-the-Charts 151% From Its Total PTI of $1.953 Bil in Its June 2017 Quarter. This 151% Earnings Growth Is a Strong Earnings Growth Acceleration From Its Already Exceptional 62% Earnings Growth in the March 2018 Quarter Over the March 2017 Quarter
.......................................................................................
Now For the Economic Disaster. The 32 Largest California Non-Technology Companies Other Than Chevron With Stock Market Caps Above $10 Bil Posted June 2018 Quarter Total US GAAP Pretax Income (PTI) From Continuing Operations of $19.074 Bil, a Massive 22% Decline From Their Total PTI of $24.489 Bil in Their June 2017 Quarter. And in Their March 2018 Quarter, These 32 California Companies Posted an Even Higher 31% Earnings Decline From Their March 2017 Quarter ........................................................................................
From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations for the June 2018, the June 2017, the March 2018 and the March 2017 Quarters for the 60 Largest California Companies including Partnerships and REITs with June Quarter Ends, which have reported their June 2018 Quarter Earnings By August 10, 2018 and which had stock market caps above $10 Bil in April 2018.
From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations for the June 2018, the June 2017, the March 2018 and the March 2017 Quarters for the 60 Largest California Companies including Partnerships and REITs with June Quarter Ends, which have reported their June 2018 Quarter Earnings By August 10, 2018 and which had stock market caps above $10 Bil in April 2018.
| US | US | US | US | ||||
| GAAP | GAAP | GAAP | GAAP | ||||
| California Companies | Pretax | Pretax | Pretax | Pretax | |||
| Market Caps Above $10 Bil | Income | Income | % | Income | Income | % | |
| With June Quarter Ends | (Loss) | (Loss) | Change | (Loss) | (Loss) | Change | |
| Releasing June 2018 | June Qtr | June Qtr | Better | March Qtr | March Qtr | Better | |
| Qtr Earnings By 8-10-18 | 2018 | 2017 | (Worse) | 2018 | 2017 | (Worse) | |
| mils $ | mils $ | mils $ | mils $ | ||||
| Technology Cos | |||||||
| Apple | 13,284 | 11,308 | 17% | 16,168 | 14,684 | 10% | |
| 5,868 | 4,488 | 31% | 5,610 | 3,408 | 65% | ||
| Intel | 5,529 | 4,572 | 21% | 5,011 | 3,815 | 31% | |
| Alphabet | 4,215 | 4,377 | -4% | 10,543 | 6,819 | 55% | |
| Visa | 2,812 | 2,914 | -4% | 3,217 | 2,702 | 19% | |
| Lam Research | 958 | 603 | 59% | 772 | 531 | 45% | |
| QUALCOMM | 956 | 858 | 11% | 358 | 857 | -58% | |
| Western Digital | 729 | 415 | 76% | (128) | 304 | -142% | |
| eBay | 707 | 462 | 53% | 547 | 558 | -2% | |
| PayPal Holdings | 609 | 447 | 36% | 548 | 438 | 25% | |
| Seagate Technology | 466 | 120 | 288% | 393 | 212 | 85% | |
| Netflix | 429 | 14 | 2964% | 300 | 224 | 34% | |
| Activision Blizzard | 408 | 293 | 39% | 567 | 453 | 25% | |
| KLA-Tencor | 406 | 325 | 25% | 366 | 319 | 15% | |
| Electronic Arts | 319 | 749 | -57% | 754 | 716 | 5% | |
| Check Point Software | 240 | 233 | 3% | 228 | 221 | 3% | |
| Maxim Integrated Products | 224 | 196 | 14% | 222 | 170 | 31% | |
| Xilinx | 213 | 171 | 25% | 186 | 171 | 9% | |
| Arista Networks | 163 | 117 | 39% | 143 | 74 | 93% | |
| Cadence Design Systems | 90 | 77 | 17% | 78 | 74 | 5% | |
| 66 | (113) | 158% | 64 | (58) | 210% | ||
| Dropbox | (3) | (26) | 88% | (464) | (33) | -1306% | |
| Square Inc | (5) | (15) | 67% | (24) | (15) | -60% | |
| Atlassian Corp | (22) | (32) | 31% | (8) | (23) | 65% | |
| ServiceNow | (41) | (58) | 29% | (7) | (23) | 70% | |
| Symantec | (73) | (134) | 46% | (61) | (248) | 75% | |
| Snap | (352) | (443) | 21% | (384) | (2,212) | 83% | |
| Total all 27 Technology Cos | 38,195 | 31,918 | 20% | 44,999 | 34,138 | 32% | |
| Oil & Gas Co | |||||||
| Chevron | 4,905 | 1,953 | 151% | 5,073 | 3,129 | 62% | |
| All Non-Technology Cos But Chevron | |||||||
| Wells Fargo | 7,119 | 8,139 | -13% | 6,701 | 7,858 | -15% | |
| Walt Disney | 3,854 | 3,618 | 7% | 3,928 | 3,751 | 5% | |
| Amgen | 2,647 | 2,542 | 4% | 2,619 | 2,460 | 6% | |
| Gilead Sciences | 2,086 | 4,115 | -49% | 2,033 | 3,617 | -44% | |
| Charles Schwab | 1,131 | 909 | 24% | 1,002 | 843 | 19% | |
| Nektar Therapeutics | 975 | (60) | -1725% | (96) | (64) | -50% | |
| Franklin Resources | 447 | 644 | -31% | 633 | 628 | 1% | |
| Public Storage | 405 | 355 | 14% | 344 | 344 | 0% | |
| Prologis | 379 | 303 | 25% | 409 | 230 | 78% | |
| Monster Beverage | 358 | 347 | 3% | 282 | 265 | 6% | |
| SVB Financial Group | 324 | 204 | 59% | 282 | 159 | 77% | |
| Clorox | 306 | 295 | 4% | 242 | 247 | -2% | |
| CBRE Group | 300 | 273 | 10% | 196 | 193 | 2% | |
| Intuitive Surgical | 296 | 270 | 10% | 290 | 202 | 44% | |
| Edison Intl | 289 | 335 | -14% | 211 | 352 | -40% | |
| First Republic Bank | 252 | 220 | 15% | 246 | 214 | 15% | |
| Edwards Lifesciences | 251 | 206 | 22% | 264 | 293 | -10% | |
| Illumina | 232 | 141 | 65% | 221 | 503 | -56% | |
| Resmed | 141 | 122 | 16% | 130 | 108 | 20% | |
| Align Technologies | 114 | 85 | 34% | 99 | 62 | 60% | |
| Essex Property Trust | 106 | 76 | 39% | 97 | 188 | -48% | |
| Realty Income Corp | 97 | 81 | 20% | 83 | 89 | -7% | |
| Varian Medical | 92 | 89 | 3% | 96 | 90 | 7% | |
| Digital Realty Trust | 88 | 80 | 10% | 110 | 85 | 29% | |
| HCP Inc | 88 | 19 | 363% | 38 | 458 | -92% | |
| Equinix | 74 | 55 | 35% | 80 | 55 | 45% | |
| Alexandria Real Estate Equities | 61 | 41 | 49% | 142 | 48 | 196% | |
| McKesson | 6 | 458 | -99% | (1,094) | 4,674 | -123% | |
| Biomarin Pharmaceuticals | (29) | (46) | 37% | (51) | (24) | -113% | |
| Tesla | (729) | (386) | -89% | (779) | (372) | -109% | |
| Sempra Energy | (1,113) | 415 | -368% | 647 | 747 | -13% | |
| PG&E Corp | (1,573) | 544 | -389% | 496 | 688 | -28% | |
| Total all 32 Non-Tech Cos But Chevron | 19,074 | 24,489 | -22% | 19,901 | 28,991 | -31% | |
| Total all 60 California Cos | 62,174 | 58,360 | 6.5% | 69,973 | 66,258 | 5.6% |
