The 41 Largest San Diego, California Area Companies Total Pretax Earnings Dropped Precipitously By 73% in the Second Quarter of 2020, Even Worse Than Their 63% Decline in the First Quarter of 2020. The Trump Administration's Reputedly Strong US Economy Certainly Hasn't Hit the San Diego Area, Just Like It Hasn't Hit Either the Los Angeles or San Francisco Areas.

From a review of Company SEC filings and the Google Finance website, I found 41 Companies headquartered in the San Diego area with stock market caps of above $1 bil in late June 2020.  Of these 41 San Diego area Companies, 39 or 95% of them had June 2020 second quarter ends and 2 had May 2020 second quarter ends.

The table below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the second and first quarters of both 2020 and 2019 for each of these 41 excellent San Diego area Companies.

		US	US		US	US
		GAAP	GAAP		GAAP	GAAP
		Pretax	Pretax		Pretax	Pretax
		Income	Income		Income	Income
		(Loss)	(Loss)		(Loss)	(Loss)
		Second	Second		First	First
		Quarter	Quarter		Quarter	Quarter
San Diego Largest Companies		2020	2019		2020	2019
Stock Market Caps Above $1 Bil	City HQs	mils $	mils $		mils $	mils $
Qualcomm	San Diego	868	5,501		598	806
Sempra Energy	San Diego	463	286		397	501
ResMed	San Diego	212	96		192	138
Encore Capital Group	San Diego	166	49		(6)	53
Illumina	San Diego	165	346		178	233
LPL Financial Holdings	San Diego/ Boston, MA	137	195		208	204
Neurocrine Biosciences	San Diego	111	97		39	(103)
Realty Income Corp	San Diego	108	95		147	111
Quidel	San Diego	80	1		49	27
Axos Financial	San Diego/ Las Vegas/ NV	68	55		80	54
DexCom Inc	San Diego	46	(9)		22	(27)
Jack in the Box	San Diego	45	11		17	34
Ligand Pharmaceuticals	San Diego	28	(18)		(30)	843
AMN Healthcare Services	San Diego/ Dallas, TX	27	39		25	39
Halozyme Therapeutics	San Diego	26	(15)		(6)	2
ICU Medical	San Clemente	21	28		20	33
PriceSmart	San Diego	20	22		38	36
WD-40 Company	San Diego	19	23		17	20
CareTrust REIT Inc	San Clemente	19	20		19	16
Cubic Corp	San Diego	13	22		(72)	(13)
American Assets Trust	San Diego	10	12		15	15
Retail Opportunity Investments Corp	San Diego	5	8		13	15
Kratos Defense & Security Solutions	San Diego	(2)	4		(1)	2
Teradata	San Diego/ Dayton, OH	(3)	5		(14)	(10)
Avidity Bioscience	La Jolla	(11)	(5)		(6)	(3)
ViaSat Inc	Carlsbad	(15)	(18)		6	(0)
MaxLinear Inc	Carlsbad	(25)	(6)		(22)	(11)
Retrophin	San Diego	(26)	(39)		(18)	(41)
Fate Therapeutics	San Diego	(28)	(23)		(34)	(20)
Tandem Diabetes Care	San Diego	(29)	(2)		(15)	(23)
Turning Point Therapeutics	San Diego	(31)	(17)		(61)	(14)
ACADIA Pharmaceuticals	San Diego	(42)	(55)		(88)	(85)
Ionis Pharmaceuticals	Carlsbad	(44)	(17)		(62)	122
Glaukos Corp	San Clemente	(47)	(6)		(55)	(1)
Heron Therapeutics	San Diego	(55)	(50)		(52)	(63)
NuVasive Inc	San Diego	(65)	21		10	11
Gossamer Bio	San Diego	(67)	(44)		(54)	(33)
Sorrento Therapeutics	San Diego	(82)	(71)		(69)	(146)
Mirati Therapeutics	San Diego	(83)	(46)		(87)	(41)
Arena Pharmaceuticals	San Diego	(85)	(61)		(100)	730
Callaway Golf Co	Carlsbad	(176)	36		38	58
Total all 41 San Diego Area Cos		1,741	6,470		1,276	3,469
… % Change From Prior Year Quarter		-73%			-63%