August 29, 2021
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, 213have reported revenue for the calendar years second quarter above 2019 levels after a drop in 2020. Another153have hadsecond-quarter revenue in each of the past two years that exceeded 2019.
Meanwhile,101companies remain below their 2019 figures, and10saw 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.
The consumer-services sector had the largest decline in second-quarter 2021 revenues from the same period of 2019. The charts below show percentage change in median second-quarter revenue since 2019, by sector.
See more here:
How the Biggest Companies Have Fared During the Covid-19 Pandemic - The Wall Street Journal
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