Broadcom Earnings

Broadcom Inc is listed as: Earnings Gainer in category See all Best Stocks lists » Find stocks that match your portfolio. Broadcom Inc. Data Source: Broadcom Q2 earnings report. 23 in earnings per share (EPS) and $5. 69 billion, which represents a 13. 50 annual non-GAAP earnings per share and achieve mid-single digit revenue growth year over year. When Broadcom reports second-quarter results Thursday after the closing bell, the market will be looking for a 6% increase in earnings to $5. On an adjusted basis, the company brought in earnings of $2. Unlike other. 16 per share, beating the Zacks Consensus Estimate of $5. 00 Low Target Price Estimate 225. On the earnings side of things, Adobe's (ADBE) and Broadcom's (AVGO) releases late in the week could generate the most headlines. Broadcom (NASDAQ:BRCM) Earnings History and Estimates Chart The chart below shows up to four years of a company's earnings history. In the latest quarter, Broadcom swung to higher than expected earnings of US$636 million, or US$1. 16 per share outpacing the Zacks Consensus Estimate by 5 cents and improving 3. Broadcom AVGO delivered third-quarter fiscal 2019 non-GAAP earnings of $5. Quarter increased by 337. Broadcom acquires Symantec's enterprise security business for $10. Readers are cautioned that the releases on this page are maintained here solely for the purposes of providing historical background about Alibaba Group, its business and product or service offerings. 09 billion in revenue, below the $4. Broadcom PE ratio as of October 25, 2019 is 15. Broadcom stock fell in premarket trading on Friday despite the chip maker beating earnings expectations. AVGO, Broadcom Inc - Stock quote performance, technical chart analysis, SmartSelect Ratings, Group Leaders and the latest company headlines Broadcom Inc Stock Quote: AVGO Stock News, Quotes, Analysis | Investors. 64% decline from 2016. Sep 12, 2019 · Broadcom could be setting up for a winning trade. 58 on revenue of $5. The company's earnings came in at $715 million, or $1. Forward PE. The company is expected to report revenue of $2. The term "Broadcom" refers to Broadcom Inc. Press J to jump to the feed. 55/share on $5. (AVGO) Earnings Call Transcripts. 16 in earnings per share (EPS) and $5. On an adjusted basis, earnings grew to US$4. Tan Sells 20,000 Shares. 05 a share, up from the $4. 09/12/19 2:00 PM PDT Webcast Presentation. Earnings History: Past Earnings Statistics and Earnings Trendline At OptionSlam. (NASDAQ: AVGO) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on September 12, 2019 at 5:00 PM Eastern Time. EarningsCast provides the latest company earnings calls, calendar feed and podcast feed. analyst estimates by MarketWatch. Earnings Estimates are available only for US equities. Broadcom (NASDAQ:BRCM) Earnings History and Estimates Chart The chart below shows up to four years of a company's earnings history. The consensus estimates call for $5. Broadcom Inc on Thursday reported quarterly revenue and profit above analysts' estimates, driven by strong demand for its enterprise storage and networking products from data centers, sending its. The most popular way to value a stock is to look at its historic Price-to-Earnings (P/E) ratio with the help of its earnings report over the past 12 months. Earnings Whispers is the only provider of real, professional whisper numbers for professional traders and investors - the most reliable earnings expectation availabe - based on superior fundamental research that is combined with investor sentiment data, quantitative studies, and technical analysis to create a valuable indicator for favorable. The company is involved in a wide range. [AVGO:US] with TMXmoney. Broadcom Inc. 50 a share, compared with a loss of US$632 million, or US$1. Meanwhile, after the market close, Broadcom is gearing up to report earnings. 6 billion to stockholders in the quarter including $1. Broadcom's (NASDAQ: AVGO) recent bleak demand forecast provided investors in chip stocks yet another ominous sign. 06/13/19 5:00 PM EDT Webcast Presentation. (AVGO) Earnings Call Transcripts. 7 billion, the companies announced Thursday. Broadcom Financials: This is the Financials-site for the company Broadcom on Markets Insider. Broadcom Inc is listed as: Earnings Gainer in category See all Best Stocks lists » Find stocks that match your portfolio. and enlisted two more big private-equity firms, strengthening the chip giant’s hand in the. 0% Y/Y) and the consensus Revenue Estimate i. This compares to earnings of $4. and all the companies you research at Nasdaq. The company’s shares closed last Monday at $300. View the real-time AVGO price chart on Robinhood and decide if you want to buy or sell commission-free. Broadcom delivered third-quarter fiscal 2019 non-GAAP earnings of $5. 00% and a Zacks Rank #4. 05 a share, up from the $4. Lumentum, an optical and photonic products supplier, cut its June earnings guidance after the Huawei ban was announced. Information provided for fiscal periods beginning with the fiscal quarter ended May 6, 2018 , relates to Broadcom Inc. and/or its subsidiaries. Broadcom has delivered 50% dividend growth per year on average over the past nine years. 16 per share outpacing the Zacks Consensus Estimate by 5 cents and improving 3. Start a 14-day free trial to Morningstar Premium to unlock our take on AVGO. Download, follow and add "Broadcom Limited" earnings calls to your podcast at EarningsCast. 16 per share, beating the Zacks Consensus Estimate of $5. 16 billion and generates $20. Broadcom Earnings Power Value (EPV) Calculation Earnings Power Value also known as just Earnings Power is a valuation technique popularised by Bruce Greenwald, an authority on value investing at Columbia University. (AVGO) came out with quarterly earnings of $5. Next Earnings Date: The next reported earnings date. 11 per share. 8 percent from $4. 21 per share beat the Zacks Consensus Estimate of $5. GAAP earnings are forecast to come in at $1. Broadcom (NASDAQ:BRCM) announced a sharp decline in first-quarter profit on Tuesday but still managed to beat Wall Street’s expectations. X The San Jose, Calif. Overall for the fourth quarter, Broadcom swung to a profit of $636 million, or $1. 6% since reporting last quarter. Another reason Broadcom's earnings are closely watched: the company derives almost half of its revenue from China, so its sales growth will provide some clues as to how the trade war between the U. With Broadcom's earnings on tap some are still assessing its M&A prospects in the wake of Qualcomm, Qorvo could be in Broadcom's sights in iPhone, B. and/or its subsidiaries. The report will be for the fiscal Quarter ending Jul 2018. 74B, compared to forecasts of EPS of $0. Forward PE. Sep 12, 2019 · Broadcom could be setting up for a winning trade. 13 per share for the July-quarter, higher by 3% than in the year-ago quarter. The Investor Relations website contains information about Broadcom Inc. Broadcom Financials: This is the Financials-site for the company Broadcom on Markets Insider. Jun 14, 2019 · Broadcom leads a plunge in chip stocks after the chipmaker missed revenue expectations and lowered guidance. $228 million (40 cents per share) a year earlier. 7 billion) in cash, adding software designed to keep. Broadcom Inc (NASDAQ:AVGO) reported better-than-expected earnings for its fiscal third quarter, but left its guidance unchanged. Defying the slowdown in the semiconductor market, chipmaker Broadcom (NASDAQ: AVGO) reported a sharp increase in third-quarter profit amid strong revenue growth. Broadcom also announced net income of $3. Broadcom Q1 2019 Earnings Infographic "We generated over $2 billion in free cash flow in the quarter, which represented 39% growth on a year on year basis," said Broadcom CFO Tom Krause. 6% from the year-ago quarter. Blue Chip Partners Inc. (NASDAQ:AVGO) Q2 2019 Results Earnings Conference Call June 13, 2019 5:00 PM ET Company Participants Beatrice Russotto - Director, IR Hock Tan - CEO and President Thomas Krause - CFO. 4% from the same period last year and well ahead of the. Broadcom follows other major Technology sector earnings this month On November 14, Cisco reported first quarter EPS of $0. The dividend rate is the portion of a company's profit paid to shareholders, quoted as the dollar amount each share receives (dividends per share). 18 per share on revenues of $5. By Chris Lange September 8, 2019 7:05 am EDT. Broadcom has an Earnings ESP of 0. Broadcom shares, which went into earnings up 18% on the year, fell a little more than 1% in after-hours trading and are down 0. Avago completed its acquisition of Broadcom on February 1st this year, and the combined. Broadcom Inc. 11% and a Zacks Rank #3. Once again, thank you for your patience and please stand by. If at the time will discount more Savings So you already decide you want have Broadcom Earnings Date for your, but you don't know where to get the best price for this Broadcom Earnings Date. Broadcom is expected to report $5. Broadcom Corp. 16 per share, beating the Zacks Consensus Estimate of $5. 16 a share on sales of $5. "Looking forward, we model capex intensity of 2 percent and stable opex. Later, we will conduct a question-and-answer. 14 % from net income of $386. Broadcom's (NASDAQ: AVGO) recent bleak demand forecast provided investors in chip stocks yet another ominous sign. The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. and China is affecting its business. Overall for the fourth quarter, Broadcom swung to a profit of $636 million, or $1. Broadcom has an excellent earnings surprise history with the stock surpassing the Zacks Consensus Estimate in the trailing four quarters, with an average positive surprise of 3. 85 billion in revenue each year. NEW YORK, NY / ACCESSWIRE / September 12, 2019 / Broadcom, Inc. Non-GAAP Earnings. Non-GAAP earnings of $5. The semiconductor giant reports earnings Thursday after the closing bell, and the options market is implying a 5% move in either director for its. The company may also owe additional taxes. and/or its subsidiaries. 13 per share on $5. Stock that Warrants a Look Here is a stock which you may consider as our model shows that it has the right combination of elements to post an earnings beat in its upcoming release: Micron Technology MU has an Earnings ESP of +7. Revenue was up 51. When Broadcom reports second-quarter results Thursday after the closing bell, the market will be looking for a 6% increase in earnings to $5. X The San Jose, Calif. To access the live webcast, log on to www. The term "Broadcom" refers to Broadcom Inc. 06/13/19 5:00 PM EDT Webcast Presentation. 00% and a Zacks Rank #4. That was down about 1 percent from earnings of $254 million, or 45 cents per share, in the. is a diversified global semiconductor leader with products serving the wired infrastructure, wireless communications, enterprise storage and industrial markets. Broadcom Corp. The equity has had a good run. 59 per share from US$3. Broadcom (NASDAQ:AVGO) is scheduled to announce Q3 earnings results on Thursday, September 12th, after market close. This is because, per our model, a stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 or 3 (Hold) for this to happen. 13 per share in 2009 to $1. Broadcom annual and quarterly earnings per share history from 2009 to 2019. Sep 11, 2019 · Earnings Preview: Broadcom is expected to earn $5. In comparison, last year the company earned revenue of. Broadcom Ltd (NASDAQ:AVGO) is slated to report fiscal first-quarter earnings after the market closes on Thursday, March 15. (AVGO) Q3 2018 Earnings Conference Call Transcript AVGO earnings call for the period ending July 31, 2018. Broadcom CEO: Tighter Product, Client Focus Will Aid Symantec Earnings. Here's what options traders see for Broadcom ahead of tomorrow's earnings 6:04 PM ET Wed, 11 Sept 2019 Trader Dan Nathan looks ahead to Broadcom's earnings announcement tomorrow. 88 Median PE on CY Estimate: 10. The stock surged to an. The firm said that it had $5. 16 per share, beating the Zacks Consensus Estimate of $5. Broadcom reported earnings per share of $5. 7 billion (S$14. 21 a share on sales of $5. Broadcom Inc. Broadcom (NASDAQ: AVGO) will be publishing its third-quarter results on September 12 at 4:15 pm ET. Non-GAAP earnings of $5. Broadcom is reporting latest earnings on September 12. 0 Deployments Across Data Center and Cloud Infrastructure with its Switches and Retimer 08/08/19 Broadcom Inc. Broadcom Limited (AVGO - Free Report) has reported mixed second-quarter fiscal 2019 results. In Broadcom's previous quarter, CEO Hock Tan warned that the company sees slowing demand due to geopolitical uncertainties. (AVGO) came out with quarterly earnings of $5. 11 per share. The chipmaker is expected to report adjusted earnings of $5. Broadcom CEO: Tighter Product, Client Focus Will Aid Symantec Earnings. Broadcom earnings are seen rising just 2%. 72 when the semiconductor leader reports results after the closing bell on Dec. Blue Chip Partners Inc. X The San Jose, Calif. 7B - SiliconANGLE Wall Street had forecast earnings of just 32 cents per share on revenue of $1. Jim Cramer and. Broadcom's revenue grew 10% year over year in the quarter, according to a statement. (AVGO) came out with quarterly earnings of $5. (AVGO) consensus earnings estimates: forecast for revenue and EPS. Find company conference call transcripts for Broadcom Inc. Broadcom saw earnings per share decrease by 68% last year. Broadcom also reported its yearly earnings with its yearly net income showing impressive growth from $65 million, or $0. Stocks With a Favorable Combination. 21 per share beat the Zacks Consensus Estimate of $5. Earnings per share can be defined as a company's net earnings or losses attributable to common shareholders per diluted share base, which includes all convertible securities and debt, options and warrants. Readers are cautioned that the releases on this page are maintained here solely for the purposes of providing historical background about Alibaba Group, its business and product or service offerings. 00% and a Zacks Rank #4. Dec 06, 2017 · Bloomberg's Alex Barinka discusses Broadcom earnings and a potential deal for Qualcomm. For the full 2018 fiscal year, Broadcom's non-GAAP EPS was $20. It missed analysts' revenue estimate and cut its. Broadcom (AVGO) Q3 results benefit from expanding presence in the infrastructure software space on synergies from CA buyout. Analysts say Broadcom's cash flow gives it flexibility. By Chris Lange September 8, 2019 7:05 am EDT. 15, 2017•3 Comments. 19 in adjusted earnings per share, up from $4. Find the latest quarterly and yearly earnings forecasts for Broadcom Inc. 45 Number of Ratings: 35 Current Quarters Estimate: 4. The company’s shares closed last Monday at $300. 95 Next Fiscal Year Estimate: 20. 00 million realized in previous quarter. Broadcom Co. Broadcom guided for earnings per share above estimates on higher gross margins, lower operating expenses and lower taxes. Next Earnings Date: The next reported earnings date. Broadcom has an Earnings ESP of 0. Broadcom Inc. Broadcom released its fiscal third quarter financial results after the markets closed on Thursday. 21 per share beat the Zacks Consensus Estimate of $5. The Broadcom earnings news pushed AVGO stock lower in extended trading. Stock movement: Broadcom is reporting earnings at a time when chipmakers are facing headwinds because of elevated valuations. (old name: Avago Technologies) is a maker of products based on analog and digital semiconductor technologies. 12 per share on revenue of $5. (AVGO) Forecasts And Latest Quarter Earnings Ahead of their fiscal fourth-quarter to be released on Thursday, Dec 05, 2019, 25 analysts who are covering the company are estimating that it will record a profit of $5. Broadcom Limited Q3 2015 Earnings Conference Aug 26, 2015 • 05:00 pm ET. 13 per share for the July-quarter, higher by 3% than in the year-ago quarter. 33, down from. Track elected officials, research health conditions, and find news you can use in politics. The company just released earnings and the stock didn't have much of a reaction (besides selling off just like the majority of the market). Latest Earnings Call / Transcript of Broadcom Inc (AVGO) We haven't found the most latest Earnings Call recordings yet. Shares of Broadcom (AVGO - Get Report) , the Stock of the Day on sister site Real Money, were mostly unchanged after reporting third-quarter earnings. Current and historical p/e ratio for Broadcom (AVGO) from 2009 to 2019. (AVGO) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended July 2019. A handful of earnings are expected to trickle in, including reports from Apple supplier Broadcom (AVGO), as well as retailers Five Below (FIVE), G-III Apparel (GII), and Zumiez (ZUMZ). Broadcom said it expects full-year fiscal 2019 revenue of $22. The company reported non-GAAP earnings of $5. 13 per share on $5. (NASDAQ: AVGO) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on September 12, 2019 at 5:00 PM Eastern Time. Number of analysts. Earnings History: Past Earnings Statistics and Earnings Trendline At OptionSlam. 52 billion in the quarter ended May 5. (AVGO) Earnings Call Transcripts. The term "Broadcom" refers to Broadcom Inc. 69 a share on sales of $6. Find recent news headlines for a specific symbol on this page. 73 on revenue of $12. Broadcom earnings are seen rising just 2%. That scale now makes its earnings an indicator of demand across the communications industry, in particular because Broadcom is a major supplier of components to Apple Inc. Mar 04, 2016 · Broadcom Limited, the successor to Avago Technologies Limited, reported its Q1 2016 earnings on March 3rd. Hey guys, Now is a great to buy the recent dip in Broadcom as the upward trend is still in place and is holding support not too far below at the 50day & 200 day moving average. 76 % from net earnings of $98 million achieved in III. US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. DOW JONES, A NEWS CORP COMPANY News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. The semiconductor giant reports earnings Thursday after the closing bell, and the options market is implying a 5% move in either director for its. Number of analysts. 29, ahead of tomorrow's fiscal third-quarter earnings report. Broadcom annual operating income for 2018 was $5. Broadcom Inc. Average Recommendation: Overweight Average Target Price: 288. Good day, ladies and gentlemen, and welcome to the Q2 2019 Broadcom Earnings Conference Call. Broadcom Inc on Thursday forecast current-quarter revenue largely above estimates on higher demand for components that power data centers, while the launch of Apple Inc's new iPhones is expected. 52 billion in revenue during its third quarter. Broadcom stock jumps after Q4 results crush estimates December 6, 2018 A further strong growth in demand across all the main business segments lifted Broadcom’s (AVGO) fourth-quarter earnings. Earnings: Broadcom beats estimates in Q1, despite massive profit slump March 14, 2019 Chipmaking giant Broadcom Inc. This quarterly report represents an earnings surprise of 0. After the transition, we believe our Norton LifeLock business can generate $1. 90% shares slipped in the extended session Thursday after the chip maker topped Wall Street earnings estimates but left its outlook unchanged. Broadcom (NASDAQ:AVGO) unveiled its quarterly results after Wall Street closed on Thursday, with sales gaining more than 8% year-over-year, while earnings were ahead of the mark, lifting AVGO. Broadcom Inc. 71M Press Release. Estimated Earnings Date is Coming Soon It is derived from historical Earnings date and Earnings week for this quarter. These figures are adjusted for non-recurring items. This is compared to its latest closing price of $290. 73 on revenue of $12. Broadcom Earnings beat, Revenue misses In Q3 By. 69 billion, which represents a 13. This compares with $1196 million, or $2. (AP) _ Broadcom Inc. Some say that better. Of note is the ratio of Broadcom Inc's sales and general administrative expense to its total operating expenses; merely 8. (AP) _ Broadcom Inc. 00 Mean Target Price Estimate 290. Wall Street analysts predict earnings per share of $5. Non-GAAP earnings of $5. reported higher-than-expected earnings in the most recent quarter as the chip maker looks to convince Qualcomm Inc. 36 per share, with analysts having different outlooks from $5. 72 when the semiconductor leader reports results after the closing bell on Dec. This quarterly report represents an earnings surprise of 0. Find the latest earnings surprise and earnings surprise history for Broadcom Inc. In Broadcom's previous quarter, CEO Hock Tan warned that the company sees slowing demand due to geopolitical uncertainties. For the most part Broadcom left the skepticism unaddressed -- until the company's third quarter earnings call with analysts on Thursday, when Broadcom CEO Hock Tan delivered a passionate defense. (AVGO) Q3 2018 Earnings Conference Call Transcript AVGO earnings call for the period ending July 31, 2018. Broadcom Inc. Broadcom had reported mixed first-quarter fiscal 2019 results. 98 per share a year ago. 6% from the year-ago quarter. Non-GAAP Earnings. Blue Chip Partners Inc. 13 per share on $5. It supports up to 3000 frames per second with up to 16 illuminated pixels. Average Recommendation: Overweight Average Target Price: 288. (BRCM) is slated to report its 2Q15 earnings today after the close with a conference call to follow at 4:45pm ET. Broadcom released its fiscal third quarter financial results after the markets closed on Thursday. 85 per share, which was stronger than the $5. Track elected officials, research health conditions, and find news you can use in politics. Symantec is releasing its earnings after the bell today (July 8 th), and I would expect that management will provide more color for investors in regards to the potential deal with Broadcom. The dividend rate is the portion of a company's profit paid to shareholders, quoted as the dollar amount each share receives (dividends per share). Broadcom's category-leading product portfolio serves critical markets including data center, networking, software, broadband, wireless, storage and industrial. 19 in adjusted earnings per share, up from $4. Broadcom Inc. X The San Jose, Calif. The company may also owe additional taxes. (AVGO) Q3 2019 Earnings Call Transcript AVGO earnings call for the period ending August 4, 2019. Broadcom is set to report quarterly results after the market closes on Thursday, June 7. It is widely expected that the chipmaker would report earnings of $5. Broadcom has an excellent earnings surprise history with the stock surpassing the Zacks Consensus Estimate in the trailing four quarters, with an average positive surprise of 3. Earnings Whispers is the only provider of real, professional whisper numbers for professional traders and investors - the most reliable earnings expectation availabe - based on superior fundamental research that is combined with investor sentiment data, quantitative studies, and technical analysis to create a valuable indicator for favorable. 12, with Wall Street analysts expecting profits of $5. Broadcom Inc (NASDAQ:AVGO) reported better-than-expected earnings for its fiscal third quarter, but left its guidance unchanged. 75 on revenue of $13. Broadcom Inc. Meanwhile, the so-called Whisper number is $5. Typically, when. 515 billion in revenue. High & Low. Find stock price reaction to earnings announcements for Broadcom Inc. 4,378 people own Broadcom on Robinhood on November 1, 2019. "Consistent with our capital return plan, we returned $4. (AVGO) on Thursday reported fiscal third-quarter earnings of $715 million. That was down about 1 percent from earnings of $254 million, or 45 cents per share, in the. Broadcom reported earnings per share of $5. However, in midday Friday trading, shares are. AVGO, Broadcom Inc - Stock quote performance, technical chart analysis, SmartSelect Ratings, Group Leaders and the latest company headlines Broadcom Inc Stock Quote: AVGO Stock News, Quotes, Analysis | Investors. Broadcom is expected to report $5. Broadcom Inc. 16 per share, beating the Zacks Consensus Estimate of $5. GAAP earnings are the official numbers reported by a company, and non-GAAP earnings are adjusted to be more readable in earnings history and forecasts. Dividends on the Mandatory Convertible Preferred Stock will be payable on a cumulative basis when, as and if declared by Broadcom's board of directors at an annual rate of 8. Broadcom Corphas not confirmed Earnings date and time yet. 52 billion for the second quarter of 2019. Good day, ladies and gentlemen, and welcome to the Q2 2019 Broadcom Earnings Conference Call. Here is what fundamental and technical anal Broadcom Inc. The consensus estimates are calling for $5. 00 in pre-market trading on Friday. Facebook Twitter Google+ LinkedIn. Broadcom Inc (NASDAQ:AVGO) Expected to Announce Earnings of $5. Dec 06, 2017 · Bloomberg's Alex Barinka discusses Broadcom earnings and a potential deal for Qualcomm. Jim Van Meerten's Daily Stock Picks highlights stocks you might want to consider for your portfolio, with Jim's editorials about current events and stock market commentary. Forward PE. Quarter increased by 337. Broadcom Inc. Q2 2016 Broadcom Limited Earnings Conference Call 03/10/16 8:00 AM EST Broadcom Limited at Susquehanna Financial Group's Fifth Annual Semi, Storage & Technology Conference. Broadcom to acquire Symantec's enterprise security unit for $10. 98 per share in the same quarter of the previous year. Broadcom annual operating income for 2018 was $5. The company's earnings came in at $715 million, or $1. When Broadcom reports second-quarter results Thursday after the closing bell, the market will be looking for a 6% increase in earnings to $5. It missed analysts' revenue estimate and cut its. americanbankingnews. GAAP earnings are forecast to come in at $1. Jim Cramer and. Jan 03, 2019 · Earnings estimates for suppliers to Apple Inc. The fact-checkers, whose work is more and more important for those who prefer facts over lies, police the line between fact and falsehood on a day-to-day basis, and do a great job. Today, my small contribution is to pass along a very good overview that reflects on one of Trump’s favorite overarching falsehoods. Namely: Trump describes an America in which everything was going down the tubes under  Obama, which is why we needed Trump to make America great again. And he claims that this project has come to fruition, with America setting records for prosperity under his leadership and guidance. “Obama bad; Trump good” is pretty much his analysis in all areas and measurement of U.S. activity, especially economically. Even if this were true, it would reflect poorly on Trump’s character, but it has the added problem of being false, a big lie made up of many small ones. Personally, I don’t assume that all economic measurements directly reflect the leadership of whoever occupies the Oval Office, nor am I smart enough to figure out what causes what in the economy. But the idea that presidents get the credit or the blame for the economy during their tenure is a political fact of life. Trump, in his adorable, immodest mendacity, not only claims credit for everything good that happens in the economy, but tells people, literally and specifically, that they have to vote for him even if they hate him, because without his guidance, their 401(k) accounts “will go down the tubes.” That would be offensive even if it were true, but it is utterly false. The stock market has been on a 10-year run of steady gains that began in 2009, the year Barack Obama was inaugurated. But why would anyone care about that? It’s only an unarguable, stubborn fact. Still, speaking of facts, there are so many measurements and indicators of how the economy is doing, that those not committed to an honest investigation can find evidence for whatever they want to believe. Trump and his most committed followers want to believe that everything was terrible under Barack Obama and great under Trump. That’s baloney. Anyone who believes that believes something false. And a series of charts and graphs published Monday in the Washington Post and explained by Economics Correspondent Heather Long provides the data that tells the tale. The details are complicated. Click through to the link above and you’ll learn much. But the overview is pretty simply this: The U.S. economy had a major meltdown in the last year of the George W. Bush presidency. Again, I’m not smart enough to know how much of this was Bush’s “fault.” But he had been in office for six years when the trouble started. So, if it’s ever reasonable to hold a president accountable for the performance of the economy, the timeline is bad for Bush. GDP growth went negative. Job growth fell sharply and then went negative. Median household income shrank. The Dow Jones Industrial Average dropped by more than 5,000 points! U.S. manufacturing output plunged, as did average home values, as did average hourly wages, as did measures of consumer confidence and most other indicators of economic health. (Backup for that is contained in the Post piece I linked to above.) Barack Obama inherited that mess of falling numbers, which continued during his first year in office, 2009, as he put in place policies designed to turn it around. By 2010, Obama’s second year, pretty much all of the negative numbers had turned positive. By the time Obama was up for reelection in 2012, all of them were headed in the right direction, which is certainly among the reasons voters gave him a second term by a solid (not landslide) margin. Basically, all of those good numbers continued throughout the second Obama term. The U.S. GDP, probably the single best measure of how the economy is doing, grew by 2.9 percent in 2015, which was Obama’s seventh year in office and was the best GDP growth number since before the crash of the late Bush years. GDP growth slowed to 1.6 percent in 2016, which may have been among the indicators that supported Trump’s campaign-year argument that everything was going to hell and only he could fix it. During the first year of Trump, GDP growth grew to 2.4 percent, which is decent but not great and anyway, a reasonable person would acknowledge that — to the degree that economic performance is to the credit or blame of the president — the performance in the first year of a new president is a mixture of the old and new policies. In Trump’s second year, 2018, the GDP grew 2.9 percent, equaling Obama’s best year, and so far in 2019, the growth rate has fallen to 2.1 percent, a mediocre number and a decline for which Trump presumably accepts no responsibility and blames either Nancy Pelosi, Ilhan Omar or, if he can swing it, Barack Obama. I suppose it’s natural for a president to want to take credit for everything good that happens on his (or someday her) watch, but not the blame for anything bad. Trump is more blatant about this than most. If we judge by his bad but remarkably steady approval ratings (today, according to the average maintained by 538.com, it’s 41.9 approval/ 53.7 disapproval) the pretty-good economy is not winning him new supporters, nor is his constant exaggeration of his accomplishments costing him many old ones). I already offered it above, but the full Washington Post workup of these numbers, and commentary/explanation by economics correspondent Heather Long, are here. On a related matter, if you care about what used to be called fiscal conservatism, which is the belief that federal debt and deficit matter, here’s a New York Times analysis, based on Congressional Budget Office data, suggesting that the annual budget deficit (that’s the amount the government borrows every year reflecting that amount by which federal spending exceeds revenues) which fell steadily during the Obama years, from a peak of $1.4 trillion at the beginning of the Obama administration, to $585 billion in 2016 (Obama’s last year in office), will be back up to $960 billion this fiscal year, and back over $1 trillion in 2020. (Here’s the New York Times piece detailing those numbers.) Trump is currently floating various tax cuts for the rich and the poor that will presumably worsen those projections, if passed. As the Times piece reported: