ahlam1399
02-04-2019, 01:21 PM
http://s.wsj.net/public/resources/images/S1-BU955_TAXSUR_G_20190130173905.jpg
With earnings season in full swing, investors are starting to learn which companies were overly optimistic about their tax cuts.
Casino chain Las Vegas Sands Corp. has already taken a $727 million hit to its fourth-quarter profit, after a corporate tax regulation proposed in November made the 2017 tax overhaul less favorable than the company expected. International Business Machines Corp. said the same provision reduced its profit by $1.9 billion in the fourth quarter.
…
Source link (https://www.wsj.com/articles/for-some-companies-tax-cut-gains-are-smaller-than-they-once-appeared-11549195201?mod=pls_whats_news_us_business_f)
More (http://ahlam1399.i234.me:8888/m/2019/02/04/for-some-companies-tax-cut-gains-are-smaller-than-they-once-appeared/)
With earnings season in full swing, investors are starting to learn which companies were overly optimistic about their tax cuts.
Casino chain Las Vegas Sands Corp. has already taken a $727 million hit to its fourth-quarter profit, after a corporate tax regulation proposed in November made the 2017 tax overhaul less favorable than the company expected. International Business Machines Corp. said the same provision reduced its profit by $1.9 billion in the fourth quarter.
…
Source link (https://www.wsj.com/articles/for-some-companies-tax-cut-gains-are-smaller-than-they-once-appeared-11549195201?mod=pls_whats_news_us_business_f)
More (http://ahlam1399.i234.me:8888/m/2019/02/04/for-some-companies-tax-cut-gains-are-smaller-than-they-once-appeared/)