Oregon Companies Total Pretax Earnings Growth Decelerates in the Fourth Quarter of 2018

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All 9 Oregon Companies With Stock Market Caps Above $1 Bil Releasing Their November or December 2018 Earnings By February 22, 2019 Saw Their Total Pretax Earnings Growth Decelerate From Up 23% in the August or September 2018 Quarter to Up 8% in the November or December 2018 Quarter

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From a review of company SEC filings and of MSN Money individual company common stock information, I found 10 Oregon Companies with stock market caps sometime in 2018 of more than $1 Bil and with November or December 2018 Quarter Ends.

Of these 10 Oregon Companies, 9 of them have released their November or December 2018 Quarterly Earnings by February 22, 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 9 Oregon 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
	(Loss)	(Loss)			(Loss)	(Loss)			(Loss)	(Loss)			(Loss)	(Loss)
	Nov	Nov			Aug	Aug			May	May			Feb	Feb
	or	or			or	or			or	or			or	or
Oregon Companies	Dec	Dec	Better		Sep	Sep	Better		June	June	Better		Mar	Mar	Better
Stock Market Caps > $1 Bil	2018	2017	(Worse)		2018	2017	(Worse)		2018	2017	(Worse)		2018	2017	(Worse)
Nov or Dec 2018 Qtr Earnings	Quarter	Quarter	%		Quarter	Quarter	%		Quarter	Quarter	%		Quarter	Quarter	%
Released By February 22, 2019	End	End	Change		End	End	Change		End	End	Change		End	End	Change
	mils $	mils $			mils $	mils $			mils $	mils $			mils $	mils $
Nike	997	879	13%		1,270	1,072	18%		1,215	1,168	4%		1,159	1,323	-12%
Columbia Sportswear	154	110	40%		132	124	6%		13	(16)	NM		61	49	24%
Umpqua Holdings	108	88	23%		123	100	23%		88	89	-1%		102	73	40%
FLIR Systems	84	75	12%		85	85	0%		83	63	32%		55	56	-2%
Lithia Motors	78	91	-14%		109	87	25%		81	88	-8%		70	81	-14%
Portland General Electric	43	82	-48%		62	53	17%		52	42	24%		72	96	-25%
Schnitzer Steel Industries	21	25	-16%		36	19	89%		49	18	172%		31	12	158%
Electro Scientific Industries	6	34	-82%		19	4	375%		33	3	1000%		34	(18)	NM
Lattice Semiconductor	(7)	(7)	0%		7	(43)	NM		(19)	(13)	NM		(5)	(7)	NM
Total 8 Oregon Cos No Nike	487	498	-2%		573	429	34%		380	274	39%		420	342	23%
Total all 9 Oregon Cos	1,484	1,377	8%		1,843	1,501	23%		1,595	1,442	11%		1,579	1,665	-5%