Sunday, June 7, 2020

New York Non-Financial Companies First Quarter 2020 Total Pretax Earnings Declined By a Huge 54% From the First Quarter 2019. These Very Weak Earnings Are Not a Good Signal For Continuing Solid Real Fair Pay Job Growth in the US.

From a review of Company SEC filings and the Google Finance website, I found 88 New York Non-Financial Companies with stock market caps above $1 bil recently.  Five of them haven't released their March or April 2020 quarterly earnings yet.  That leaves 83 Companies.

The table below shows the US GAAP Pretax Income (Loss) From Continuing Operations for the first quarter of both 2020 and 2019 for each of these 83 fine New York Non-Financial Companies.
US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
First First (Worse)
 New York Non-Financial Companies Quarter Quarter %
Stock Market Caps Above $1 Bil  City HQs  2020 2019  Change
mils $ mils $
Verizon Communications New York             5,676             6,788
Pfizer New York             3,885             4,323
Philip Morris New York             2,108             1,516
PepsiCo Purchase             1,711             1,868
Accenture plc New York             1,510             1,376
Colgate Palmolive New York                895                814
Regeneron Pharmaceuticals Tarrytown                669                546
ViacomCBS New York                657             1,593
Constellation Brands Victor                489             1,530
Paychex Rochester                464                426
Consolidated Edison New York                447                553
Omnicom Group New York                374                383
Sirius XM Holdings New York                373                243
Thomson Reuters New York                292                228
Henry Schein Melville                169                160
Intl Flavors & Fragrances New York                154                135
Fox Corp New York                145                706
Take-Two Interactive New York                125                  65
Ubiquiti New York                121                  99
ITT Inc White Plains                109                  91
AMC Networks New York                107                197
Estee Lauder New York                  80                727
MSC Industrial Direct Melville                  74                  91
Moog East Aurora                  62                  54
Prestige Consumer Healthcare Tarrytown                  51              (179)
Minerals Technologies New York                  49                  49
Xylem Rye Brook                  42                  94
New York Times New York                  39                  31
ABM Industries New York                  37                  18
Atlas Air Worldwide Purchase                  32                (25)
ExlService Holdings New York                  28                  19
Balchem New Hampton                  24                  25
Interpublic Group of Cos New York                  20                    1
Macquarie Infrastructure New York                  20                  88
Inter Parfums New York                  19                  34
Newmark Group New York                  19                  30
Altice USA Long Island City                  15                (48)
Hain Celestial Group Lake Success                  15                  12
Gibraltar Industries Buffalo                  15                    8
Etsy Inc Brooklyn                  10                  31
Datadog New York                    7                  (9)
Shutterstock New York                    6                    9
Progny New York                    4                    3
Conmed Utica                    3                  (2)
Shake Shack New York                    1                    6
Nielsen Holdings New York                  (2)                  79
Monro Rochester                  (7)                  21
WW International New York                  (7)                (14)
Schrodinger New York                (14)                  (6)
Zentalis Pharmaceuticals New York                (16)                  (9)
Athenex Buffalo                (17)                (36)
ANGI Homeservices New York                (18)                  (4)
Steven Madden Ltd Long Island City                (25)                  46
Rocket Pharmaceuticals New York                (25)                (19)
Y-mAbs Therapeutics New York                (26)                (16)
Yext Inc New York                (29)                (19)
Teladoc Health Purchase                (30)                (29)
Varonis Systems Inc New York                (31)                (22)
LivePerson New York                (37)                (18)
Intra-Cellular Therapies New York                (47)                (35)
International Business Machines Armonk                (49)             1,883
TG Therapeutics New York                (51)                (35)
MongoDB New York                (54)                (33)
Peloton Interactive New York                (56)                (38)
New Fortress Energy New York                (60)                (60)
Scholastic Corp New York                (60)                (21)
National Fuel Gas Williamsville                (69)                120
Warner Music Group New York                (86)                115
Foot Locker New York                (90)                234
Intercept Pharmaceuticals New York                (93)                (90)
Corning Inc Corning              (108)                575
Madison Square Garden Sports New York              (152)                  45
Avon Products Suffern              (158)                  (5)
Madison Square Garden Entertainment New York              (161)                (12)
Bunge Ltd White Plains              (248)                  88
IAC/Interactive New York              (273)                  49
Ralph Lauren New York              (287)                  35
Bristol-Myers Squibb New York              (304)             1,979
Coty Inc New York              (333)                  (4)
JetBlue Airways Long Island City              (354)                  58
Tapestry New York              (705)                  95
News Corp New York           (1,046)                  30
Hess Corp New York           (2,445)                169
Total all 83 New York Non-Financial Cos            13,579           29,803 -54%


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