How the Biggest Companies Have Fared During the Covid-19 Pandemic

This article from Wall Street Journal written by Kyle Kim

More than three-quarters of the largest U.S. companies reported higher revenue than before Covid-19, according to a Wall Street Journal analysis, indicating that many have adapted to changing business conditions caused by the pandemic.

Among the companies in the S&P 500, 213 have reported revenue for the calendar year’s second quarter above 2019 levels after a drop in 2020. Another 153 have had second-quarter revenue in each of the past two years that exceeded 2019.

Meanwhile, 101 companies remain below their 2019 figures, and 10 saw a drop this year after a rise last year.

The numbers are based on a Journal analysis of FactSet data for the 477 S&P 500 companies that have reported results for the second quarter through Friday.

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Source: https://www.wsj.com/articles/how-the-biggest-companies-have-fared-during-the-covid-19-pandemic-11630229403?mod=markets_lead_pos7

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