Wuerth While Wily Wakenings: The 79 Largest Philadelphia, PA Companies Total Pretax Earnings Declined Sharply By 55% in the Second Quarter of 2020, After an Even Sharper 64% Decline in the First Quarter of 2020. Excluding Giant Comcast, the 78 Next Largest Philadelphia Area Companies Saw Their Total Pretax Earnings Drop Precipitously By 93% in the Second Quarter of 2020 and By 89% in the First Quarter of 2020. The Trump Administration's Highly-Touted Strong US Economy Hasn't Hit the Philadelphia Area.

Thursday, October 1, 2020

The 79 Largest Philadelphia, PA Companies Total Pretax Earnings Declined Sharply By 55% in the Second Quarter of 2020, After an Even Sharper 64% Decline in the First Quarter of 2020. Excluding Giant Comcast, the 78 Next Largest Philadelphia Area Companies Saw Their Total Pretax Earnings Drop Precipitously By 93% in the Second Quarter of 2020 and By 89% in the First Quarter of 2020. The Trump Administration's Highly-Touted Strong US Economy Hasn't Hit the Philadelphia Area.

From a review of Company SEC filings and the Google Finance website, I found 79 Philadelphia Area Companies with stock market caps of above $100 mil sometime in the past month. Of these 79 Philadelphia Area Companies, 76 or 96% of them had June 2020 second quarter ends and 3 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 79 excellent Philadelphia Area Companies.