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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (78690)1/24/2018 5:31:12 PM
From: robert b furman  Read Replies (1) | Respond to of 95559
 
Hi Sam,

Understanding some of the GAAP vs NONGAAP reporting methods - especially in view of the new tax cuts being introduced in 2018 - I must say I see the difference in the numbers and I am in awe!

Lams earnings when from a 6 cent loser (non-GAAP) to a GAAP earnings of $4.34 !!!

It looks like the accounting department through out the baby and the bath tub with their last opportunity to write off some deductions that got curtailed with 2018's new rules.

Just a little 101% ELIMINATION OF ALL PROFITS.

Nice work guys!!

Too bad they couldn't have been more profitable - I'm sure the accounting dept left some funds on the table.

SHEESH!!!

Bob



To: Sam who wrote (78690)1/24/2018 7:00:29 PM
From: Kirk ©  Read Replies (2) | Respond to of 95559
 
They've exceptional accountants.... anything to defer profits into the lower tax rate 2018 quarters is smart.
The December 2017 results were negatively impacted by a one-time provisional charge of $757 million associated with the recently enacted U.S. tax reform, which the Company will continue to evaluate during the measurement period.
Did they say anywhere how they got this huge charge? I'd love to understand it.


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