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All 7 Louisiana Companies With Stock Market Caps Above $1 Bil Releasing Their December 2018 Earnings By February 22, 2019 Saw Their Total Pretax Earnings Drop By 731% in the December 2018 Quarter, After Increases in the First Half of 2018
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The Primary Cause of These Disastrous Results in the December 2018 Quarter Was CenturyLink's Goodwill Asset Impairment Charge of $2.7 Bil
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From a review of company SEC filings and of MSN Money individual company common stock information, I found 10 Louisiana Companies with stock market caps sometime in 2018 of more than $1 Bil and with December 2018 Quarter Ends.
Of these 10 Louisiana Companies, 7 of them have released their 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.
| 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) | ||||||||
| Louisiana Companies | Dec | Dec | Better | Sept | Sept | Better | June | June | Better | March | March | Better | |||
| Stock Market Caps Above $1 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 22, 2019 | End | End | Change | End | End | Change | End | End | Change | End | End | Change | |||
| mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | ||||||||
| Lamar Advertising | 96 | 87 | 10% | 97 | 100 | -3% | 104 | 96 | 8% | 17 | 44 | -61% | |||
| IBERIABANK | 84 | 91 | -8% | 132 | 48 | 175% | 106 | 80 | 33% | 81 | 73 | 11% | |||
| H&E Equipment Services | 35 | 28 | 25% | 29 | 8 | 263% | 28 | 16 | 75% | 13 | 8 | 63% | |||
| Pool Corp | 20 | 14 | 43% | 87 | 78 | 12% | 156 | 150 | 4% | 30 | 27 | 11% | |||
| Helmerich & Payne | 10 | 0 | NM | 19 | (28) | NM | 2 | (34) | NM | (6) | (70) | NM | |||
| Entergy Corp | (579) | 154 | -476% | 257 | 643 | -60% | (32) | 76 | -142% | 180 | 94 | 91% | |||
| CenturyLink | (2,365) | 54 | -4480% | 329 | 139 | 137% | 237 | 40 | 493% | 236 | 307 | -23% | |||
| Total all 7 Louisiana Cos | (2,699) | 428 | -731% | 950 | 988 | -4% | 601 | 424 | 42% | 551 | 483 | 14% |
