Wuerth While Wily Wakenings: The 38 Largest Pittsburgh, PA Area Companies Total Pretax Earnings Flat-Out Collapsed, Down By 185% in the Second Quarter of 2020 and Going From Total Pretax Earnings of $3.7 Bil in the Second Quarter of 2019 to a Total Pretax Loss of $3.1 Bil in the Second Quarter of 2020. Suffice It To Say That the Trump Administration's Highly-Touted Strong US Economy Was Nowhere To Be Seen in the Pittsburgh, PA Area Except at Dick's Sporting Goods in the Second Quarter of 2020.

Thursday, October 1, 2020

The 38 Largest Pittsburgh, PA Area Companies Total Pretax Earnings Flat-Out Collapsed, Down By 185% in the Second Quarter of 2020 and Going From Total Pretax Earnings of $3.7 Bil in the Second Quarter of 2019 to a Total Pretax Loss of $3.1 Bil in the Second Quarter of 2020. Suffice It To Say That the Trump Administration's Highly-Touted Strong US Economy Was Nowhere To Be Seen in the Pittsburgh, PA Area Except at Dick's Sporting Goods in the Second Quarter of 2020.

From a review of Company SEC filings and the Google Finance website, I found 38 Pittsburgh, PA Area Companies with stock market caps of above $100 mil sometime in the past month. Of these 38 Pittsburgh Area Companies, 36 had June 2020 second quarter ends and 2 had July 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 38 excellent Pittsburgh Area Companies.