which resulted from the Company’s revalued net deferred income tax liabilities to reflect the lower federal income tax rate as per the recently-enacted Tax Cuts and Jobs Act of 2017 (Tax Reform)..
The main provisions of the Tax Act affecting the Company in 2019 and 2018 include a reduced U.S. federal tax rate and a tax on global intangible low-taxed income (“GILTI”).
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The significant increase in net income was a result of the Company’s strong operating profit performance combined with the $53.9 million decrease in income tax expense.
time income effect in the 2013 IFRS results. In total, these costs and impairments resulted, after taxes, in a 10% lower net income on an IFRS basis in 2014 (down 16% in Swiss francs). Core net income, which excludes these items, was 6% higher than 2013 (stable in Swiss francs).
Microsoft Corp.’s fourth-quarter revenue from its Zune platform dropped by $100 million, a decline of 54% on a year earlier. Lower sales of Zune portable music players led to the decline.
Basic net income per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income per share includes the dilutive effect of both outstanding stock options and restricted stock, if any, calculated using the treasury stock method.
· Income tax expense was $11.1 million in the current quarter compared to $18.2 million in the prior year quarter. The decrease was due primarily to lower earnings and a lower statutory federal corporate income tax rate as a result of the Tax Cuts and Jobs Act which lowered the corporate income tax rate from 35% to 21% effective January 1, 2018.
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January 28, 2019 06:00 ET | Source: Provident Financial Holdings, Inc. Pre-Tax Earnings Increase by 13% in Comparison to the Prior Sequential Quarter Net Interest Margin Expands 46 Basis Points to.
51job has a market capitalization of $4.59 billion and generates $550.06 million in revenue each year. The company earns $182.14 million in net income (profit) each year or $2.86 on an earnings per share basis. 51job employs 7,373 workers across the globe.View Additional Information About 51job.
Productivity gains help CoreLogic’s 2Q net income rise by 2% Rising rates: This phase favors consumers over banks contents significant efficiency gains securities price fraud prosecution rests case York attorney general Mortgage-backed securities. jefferies Productivity gains help CoreLogic’s 2Q net income rise by 2% People on the move: July 6 WASHINGTON – There’s nothing quite like the spectacular view of Fourth of July. move will allow the National.