Arkansas Companies Pretax Earnings Decrease By 69% in the Most Recent Second Quarter 2018, Even Worse Than the 31% Decline in the First Quarter 2018, Both Declines Driven in Large Part By Walmart ...............................................................................

From a review of US SEC filings, there were 12 Companies headquartered in Arkansas with stock market caps of more than $1 Bil recently.

My Focus is on Pretax Income Rather Than on After-Tax Net Income Because Income Taxes are Simply a Transfer of Financial Wealth Between US Corporations and the US Federal, US State and Foreign Governments.  It Has Nothing Whatsoever to do with Company Operating Performance.

From a review of SEC filings, the chart below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the Second Quarter Ended and First Quarter Ended 2018 and 2017 for these 12 Arkansas Companies.

	US	US			US	US
	GAAP	GAAP			GAAP	GAAP
	Pretax	Pretax			Pretax	Pretax
	Income	Income			Income	Income
	(Loss)	(Loss)			(Loss)	(Loss)
	June Qtr	June Qtr	%		Mar Qtr	Mar Qtr	%
	July Qtr	July Qtr	Change		Apr Qtr	Apr Qtr	Change
Arkansas Companies	or Aug Qtr	or Aug Qtr	Better		or May Qtr	or May Qtr	Better
Market Caps Above $1 Bil	2018	2017	(Worse)		2018	2017	(Worse)
	mils $	mils $			mils $	mils $
Walmart	398	4,606	-91%		2,822	4,674	-40%
Tyson Foods	723	617			423	519
JB Hunt Transport Services	205	156			160	143
Bank of the Ozarks	153	144			147	136
Home Bancshares	100	80			97	72
Murphy Oil	82	(22)			97	155
Simmons First National	67	34			65	32
Murphy USA	69	90			47	(10)
Dillards	(4)	(27)			103	102
ArcBest	1	24			9	(13)
Uniti Group	(6)	(16)			-	(20)
Acxiom Corp	(8)	(9)			2	(11)
Total all 12 Arkansas Cos	1,780	5,677	-69%		3,972	5,779	-31%