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From a review of company SEC filings and of MSN Money individual company common stock information, I found 10 Minnesota Companies with stock market caps sometime in 2018 of more than $10 Bil and with December 2018 Quarter Ends.
Of these 10 Minnesota Companies, 8 of them have released their December 2018 Quarterly Earnings by Yesterday, February 8, 2019.
My Focus is on Pretax Income rather than on After-Tax Net Income because Corporate 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.
The chart below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for each quarter of 2018 as compared with that of the prior year quarter of 2017 for each of these 8 Minnesota Companies.
| US | US | US | US | US | US | US | US | ||||||||
| GAAP | GAAP | GAAP | GAAP | GAAP | GAAP | GAAP | GAAP | ||||||||
| Pretax | Pretax | Pretax | Pretax | Pretax | Pretax | Pretax | Pretax | ||||||||
| Income | Income | Income | Income | Income | Income | Income | Income | ||||||||
| Minnesota Cos | (Loss) | (Loss) | Better | (Loss) | (Loss) | Better | (Loss) | (Loss) | Better | (Loss) | (Loss) | Better | |||
| Market Caps Above $10 Bil | Dec 18 | Dec 17 | (Worse) | Sep 18 | Sep 17 | (Worse) | Jun 18 | Jun 17 | (Worse) | Mar 18 | Mar 17 | (Worse) | |||
| December 2018 Qtr Earnings | Quarter | Quarter | % | Quarter | Quarter | % | Quarter | Quarter | % | Quarter | Quarter | % | |||
| Released By February 8, 2019 | End | End | Change | End | End | Change | End | End | Change | End | End | Change | |||
| mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | ||||||||
| UnitedHealth Group | 4,123 | 3,669 | 12% | 4,237 | 3,794 | 12% | 3,860 | 3,430 | 13% | 3,724 | 3,130 | 19% | |||
| US Bancorp | 2,153 | 1,311 | 64% | 2,282 | 2,158 | 6% | 2,199 | 2,063 | 7% | 2,044 | 1,985 | 3% | |||
| 3M | 1,720 | 1,672 | 3% | 1,965 | 1,997 | -2% | 2,350 | 2,142 | 10% | 965 | 1,737 | -44% | |||
| Travelers Companies | 746 | 860 | -13% | 806 | 320 | 152% | 631 | 790 | -20% | 778 | 760 | 2% | |||
| Ameriprise Financial | 652 | 595 | 10% | 588 | 633 | -7% | 548 | 511 | 7% | 696 | 475 | 47% | |||
| CH Robinson Worldwide | 246 | 193 | 27% | 239 | 184 | 30% | 214 | 172 | 24% | 181 | 179 | 1% | |||
| Fastenal | 230 | 201 | 14% | 259 | 226 | 15% | 266 | 235 | 13% | 232 | 211 | 10% | |||
| XCEL Energy | 209 | 307 | -32% | 564 | 697 | -19% | 319 | 329 | -3% | 350 | 356 | -2% | |||
| Total all 8 Minnesota Cos | 10,079 | 8,808 | 14% | 10,940 | 10,009 | 9% | 10,387 | 9,672 | 7% | 8,970 | 8,833 | 2% |
