The GAAP consolidated pretax income for 1Q18 of $ 707 million unfavorably compared to GAAP consolidated pretax income of $ 1.69 billion in 1Q17 by $ 982 million primarily due to the net gain associated with the terminated merger agreement, mainly the break - up fee, recorded in 1Q17 and lower
pretax earnings year over year in the Retail and Healthcare Services segments, partially offset by higher Group and Specialty segment pretax earnings.
Not exact matches
Though the analyst cautioned that 2018 is an «investment
year,» he did argue that the company could see
pretax earnings climb 9 percent and 16 percent in 2018 and 2019, respectively.
The
year before, revenue and
pretax earnings had hit records of $ 779.5 million and $ 137 million, respectively.
The Swiss bank also highlighted what it calls «disappointing» news that
pretax earnings for the
year ending June 30 would underperform.
For the entire
year,
pretax earnings declined 3.1 percent.
$ 1.1 billion equaled about half of Dell's
pretax earnings for the
year.
The company said on Dec. 2 that it would book $ 485 million in
pretax charges to write down the value of its PlayBook inventory and that it doesn't expect to meet its full -
year earnings target.
$ 1.1 billion equaled about half of Dell's
pretax earnings for the
year.