......................................................................
All 15 Connecticut Companies With Stock Market Caps Above $10 Bil and Releasing Their December 2018 Quarter Earnings By February 21, 2019 Saw Their Total Pretax Earnings Growth Decelerate During 2018 as Follows: Up By 42% in the March 2018 Quarter, Up By 26% in the June 2018 Quarter, Up By 20% in the September 2018 Quarter and Up By Only 3% in the December 2018 Quarter
......................................................................
From a review of company SEC filings and of MSN Money individual company common stock information, I found 16 Connecticut Companies with stock market caps sometime in 2018 of more than $10 Bil and with December 2018 Quarter Ends.
Of these 16 Connecticut Companies, 15 of them have released their December 2018 Quarterly Earnings by February 21, 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 15 Connecticut 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)
|
||||||||
Connecticut Cos
|
Dec
|
Dec
|
Better
|
Sept
|
Sept
|
Better
|
June
|
June
|
Better
|
March
|
March
|
Better
|
|||
Stock Market Caps Above $10
Bil
|
2018
|
2017
|
(Worse)
|
2018
|
2017
|
(Worse)
|
2018
|
2017
|
(Worse)
|
2018
|
2017
|
(Worse)
|
|||
December 2018 Qtr Earnings
|
Quarter
|
Quarter
|
%
|
Quarter
|
Quarter
|
%
|
Quarter
|
Quarter
|
%
|
Quarter
|
Quarter
|
%
|
|||
Released By February 21, 2019
|
End
|
End
|
Change
|
End
|
End
|
Change
|
End
|
End
|
Change
|
End
|
End
|
Change
|
|||
mils $
|
mils $
|
mils $
|
mils $
|
mils $
|
mils $
|
mils $
|
mils $
|
||||||||
United Technologies
|
1,788
|
1,705
|
5%
|
1,768
|
1,940
|
-9%
|
2,834
|
2,064
|
37%
|
1,890
|
2,054
|
-8%
|
|||
Synchrony Financial
|
1,012
|
875
|
16%
|
893
|
879
|
2%
|
892
|
788
|
13%
|
847
|
782
|
8%
|
|||
Amphenol
|
432
|
379
|
14%
|
420
|
358
|
17%
|
382
|
317
|
21%
|
355
|
298
|
19%
|
|||
United Rentals
|
425
|
336
|
26%
|
460
|
322
|
43%
|
359
|
229
|
57%
|
232
|
161
|
44%
|
|||
Charter Communications
|
362
|
431
|
-16%
|
693
|
118
|
487%
|
380
|
243
|
56%
|
251
|
236
|
6%
|
|||
Interactive Brokers Group
|
309
|
364
|
-15%
|
276
|
268
|
3%
|
271
|
204
|
33%
|
340
|
213
|
60%
|
|||
Cigna
|
228
|
758
|
-70%
|
1,033
|
824
|
25%
|
1,102
|
1,134
|
-3%
|
1,218
|
890
|
37%
|
|||
Stanley Black & Decker
|
222
|
342
|
-35%
|
305
|
354
|
-14%
|
294
|
358
|
-18%
|
252
|
473
|
-47%
|
|||
Hartford Financial Services
|
167
|
422
|
-60%
|
530
|
181
|
193%
|
537
|
(281)
|
NM
|
519
|
401
|
29%
|
|||
Avangrid
|
158
|
(515)
|
NM
|
163
|
132
|
23%
|
137
|
164
|
-16%
|
310
|
342
|
-9%
|
|||
XPO Logistics
|
118
|
59
|
100%
|
156
|
101
|
54%
|
213
|
85
|
151%
|
79
|
15
|
427%
|
|||
Gartner
|
111
|
28
|
296%
|
38
|
(62)
|
NM
|
75
|
(143)
|
NM
|
(43)
|
48
|
NM
|
|||
SS&C Technologies
|
109
|
87
|
25%
|
118
|
75
|
57%
|
(164)
|
62
|
-365%
|
62
|
58
|
7%
|
|||
Aetna
|
N/A
|
N/A
|
N/A
|
1,367
|
1,274
|
7%
|
1,666
|
1,820
|
-8%
|
1,465
|
(628)
|
NM
|
|||
Praxair
|
N/A
|
N/A
|
N/A
|
636
|
597
|
7%
|
657
|
577
|
14%
|
620
|
553
|
12%
|
|||
Total all 15 Connecticut Cos
|
5,441
|
5,271
|
3%
|
8,856
|
7,361
|
20%
|
9,635
|
7,621
|
26%
|
8,397
|
5,896
|
42%
|
