| US | US | US | US | |||
| GAAP | GAAP | GAAP | GAAP | |||
| Pretax | Pretax | Pretax | Pretax | |||
| Income | Income | Income | Income | |||
| 2020 | (Loss) | (Loss) | (Loss) | (Loss) | ||
| Second | Second | Second | First | First | ||
| Quarter | Quarter | Quarter | Quarter | Quarter | ||
| Dow Jones Industrial Cos | End | 2020 | 2019 | 2020 | 2019 | |
| mils $ | mils $ | mils $ | mils $ | |||
| 3M | Jun 20 | 1,629 | 1,446 | 1,567 | 1,088 | |
| American Express | Jun 20 | 622 | 2,219 | 452 | 1,958 | |
| Apple Inc | Jun 20 | 13,137 | 11,911 | 13,135 | 13,793 | |
| Boeing | Jun 20 | (3,423) | (3,427) | (1,503) | 2,333 | |
| Caterpillar | Jun 20 | 678 | 2,178 | 1,513 | 2,264 | |
| Chevron | Jun 20 | (10,597) | 5,935 | 4,145 | 3,957 | |
| Cisco Systems | July 20 | 3,306 | 3,704 | 3,444 | 3,615 | |
| Coca-Cola | Jun 20 | 2,197 | 3,049 | 3,010 | 2,225 | |
| Dow Inc | Jun 20 | (183) | 215 | 396 | 297 | |
| ExxonMobil | Jun 20 | (1,640) | 4,632 | (258) | 4,289 | |
| Goldman Sachs | Jun 20 | 1,291 | 3,127 | 1,348 | 2,719 | |
| Home Depot | July 20 | 5,730 | 4,613 | 2,969 | 3,324 | |
| IBM | Jun 20 | 1,571 | 2,768 | (49) | 1,883 | |
| Intel | Jun 20 | 5,935 | 4,724 | 6,614 | 4,547 | |
| Johnson & Johnson | Jun 20 | 3,940 | 7,041 | 6,509 | 4,422 | |
| JPMorgan Chase | Jun 20 | 5,565 | 11,342 | 3,116 | 11,233 | |
| McDonald's | Jun 20 | 649 | 2,008 | 1,445 | 1,831 | |
| Merck | Jun 20 | 3,519 | 3,259 | 3,838 | 3,067 | |
| Microsoft | Jun 20 | 13,422 | 12,596 | 12,843 | 10,486 | |
| Nike | May 20 | (804) | 1,243 | 881 | 1,291 | |
| Pfizer | Jun 20 | 3,953 | 4,141 | 3,885 | 4,323 | |
| Procter & Gamble | Jun 20 | 3,461 | (5,065) | 3,498 | 3,278 | |
| Travelers Companies | Jun 20 | (85) | 665 | 720 | 967 | |
| United Technologies / Raytheon Technologies | Jun 20 | (3,858) | 1,234 | 955 | 1,822 | |
| UnitedHealth Group | Jun 20 | 8,811 | 4,326 | 4,559 | 4,432 | |
| Verizon | Jun 20 | 6,187 | 5,310 | 5,676 | 6,788 | |
| Visa | Jun 20 | 2,932 | 3,866 | 3,829 | 3,677 | |
| Walgreens Boots Alliance | May 20 | (1,773) | 1,198 | 1,097 | 1,356 | |
| Walmart | July 20 | 8,646 | 4,913 | 5,396 | 5,157 | |
| Walt Disney Co | Jun 20 | (4,840) | 2,009 | 1,060 | 7,237 | |
| Totals all 30 Dow Cos | 69,978 | 107,180 | 96,090 | 119,659 | ||
| % Change vs Prior Year Quarter | -35% | -20% |
Friday, August 28, 2020
The 30 Dow Jones Industrial Companies Total Pretax Earnings Declined By 35% in the 2Q 2020, Much Worse Than Their Decline of 20% in the 1Q 2020 and Their Pre-Covid-19 Declines of 8% in the 4Q 2019 and of 2% in the 3Q of 2019 ..... a Just Horrible Earnings Trend
From a review of the 30 Dow Jones Industrial Companies' SEC filings, the table below shows the Gold-Standard US GAAP Pretax Earnings From Continuing Operations for the first and second quarters of both 2019 and 2018 for each of these 30 Dow Jones Industrial Companies.
