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May 6, 2020, 9:18 a.m. EDT

These 10 S&P 500 companies increased sales faster than Amazon in a coronavirus-tainted quarter

Big winners included Vertex, Netflix, AMD and five exchange operators

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By Philip van Doorn, MarketWatch


Bloomberg
Netflix reported a 28% increase in first-quarter revenue from a year earlier.

We’re right in the thick of first-quarter earnings season, and while it is looking bad as consumers and companies suffer from the coronavirus shutdown, there are still companies that are growing rapidly.

Through May 4, 273 companies among the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.73%  had reported earnings for their fiscal quarter ending March 21 or later; 147 of them, or 54%, reported declines in sales from a year earlier. Three months from now, we likely will be looking at even worse results, given that the U.S. economy has borne the brunt of the COVID-19 shutdown in the current quarter. The S&P 500 hit a record high on Feb. 19, and states began issuing stay-at-home orders in the third week of March that are only now beginning to be lifted.

What follows is a list of companies that reported the largest increases in quarterly sales from a year earlier among the 273 S&P 500 companies that reported results through May 4. The list is filtered to exclude companies whose revenue increased significantly because of transformative acquisitions. Those are listed below.

Here’s the filtered list of 12 companies that increased revenue the most:

Company Ticker Industry Increase in quarterly sales from a year earlier Total return - 2020 Total return - 2019
Vertex Pharmaceuticals Inc. /zigman2/quotes/202259802/composite VRTX Biotechnology 76.9% 21% 32%
Cboe Global Markets Inc. /zigman2/quotes/208166986/composite CBOE Securities exchanges 52.9% -21% 24%
Advanced Micro Devices Inc. /zigman2/quotes/208144392/composite AMD Semiconductors 40.4% 15% 148%
MarketAxess Holdings Inc. /zigman2/quotes/202710814/composite MKTX Securities exchanges 35.7% 21% 81%
ServiceNow Inc. /zigman2/quotes/202729495/composite NOW Information Technology Services 32.6% 26% 59%
Nasdaq Inc. /zigman2/quotes/205547889/composite NDAQ Securities exchanges 30.2% 0% 34%
CME Group Inc. Class A /zigman2/quotes/210449693/composite CME Securities exchanges 29.0% -14% 10%
Intercontinental Exchange Inc. /zigman2/quotes/209108507/composite ICE Securities exchanges 28.7% -3% 24%
Netflix Inc. /zigman2/quotes/202353025/composite NFLX Cable/Satellite TV 27.6% 32% 21%
Prologis Inc. /zigman2/quotes/200785374/composite PLD Real-estate investment Trusts 26.7% -2% 56%
Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN Internet Retail 26.4% 25% 23%
Intel Corp. /zigman2/quotes/203649727/composite INTC   Semiconductors 23.5% -3% 31%
 Source: FactSet

You can click on the tickers for more about each company.

You will need to scroll across the table to see all of the data.

It is no surprise to see Netflix /zigman2/quotes/202353025/composite NFLX +0.09%  and Amazon.com /zigman2/quotes/210331248/composite AMZN +1.41%  on the list of rapid first-quarter revenue growers at a time when most people are staying home and most retail businesses are closed.

The increase in securities trading activity starting in the second half of February led to five exchange operators appearing on the list of rapid revenue growers.

Vertex Pharmaceuticals /zigman2/quotes/202259802/composite VRTX -1.08%  topped the list on the strength of its new Trikafta medication for cystic fibrosis, partially offset by declines in other medications.

Prologis /zigman2/quotes/200785374/composite PLD -0.36%  and Intel /zigman2/quotes/203649727/composite INTC -0.19%  both benefited from the continued growth of the datacenter industry.

Read: Nvidia has become a power broker for the next wave of datacenter technology

Here are the companies excluded from the list because their revenue increases mainly resulted from large acquisitions:

• Truist Financial /zigman2/quotes/200481602/composite TFC -4.50%  is the new name for BB&T after it acquired SunTrust.

• Hasbro /zigman2/quotes/201249319/composite HAS -1.95%  completed its acquisition of Entertainment One in December.

• Centene Corp. /zigman2/quotes/208900023/composite CNC -3.28% acquired WellCare Health Plans in January.

• Principal Financial Group /zigman2/quotes/201030797/composite PFG -4.04%  acquired Wells Fargo’s institutional retirement management and trust businesses in July 2019.

• Invesco /zigman2/quotes/200294387/composite IVZ -4.58%  acquired OppenheimerFunds in May 2019.

Don’t miss: Nine stocks that face dividend-cut risks from analysts who ‘restate’ the earnings reports of 32,000 companies

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3,146.76
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/zigman2/quotes/202259802/composite
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$ 292.72
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N/A
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US : U.S.: Cboe BZX
$ 90.52
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/zigman2/quotes/202710814/composite
US : U.S.: Nasdaq
$ 548.19
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0.44%
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US : U.S.: NYSE
$ 421.81
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123.88
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N/A
Market Cap
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/zigman2/quotes/205547889/composite
US : U.S.: Nasdaq
$ 120.09
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1.63%
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/zigman2/quotes/210449693/composite
US : U.S.: Nasdaq
$ 165.21
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2.06%
Market Cap
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/zigman2/quotes/209108507/composite
US : U.S.: NYSE
$ 91.92
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1.30%
Market Cap
$51.35 billion
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/zigman2/quotes/202353025/composite
US : U.S.: Nasdaq
$ 503.22
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P/E Ratio
102.04
Dividend Yield
N/A
Market Cap
$221.12 billion
Rev. per Employee
$2.22M
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/zigman2/quotes/200785374/composite
US : U.S.: NYSE
$ 95.42
-0.34 -0.36%
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36.45
Dividend Yield
2.44%
Market Cap
$70.73 billion
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$1.73M
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/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,124.62
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P/E Ratio
149.22
Dividend Yield
N/A
Market Cap
$1536.78 billion
Rev. per Employee
$359,671
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/zigman2/quotes/203649727/composite
US : U.S.: Nasdaq
$ 58.50
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P/E Ratio
11.31
Dividend Yield
2.26%
Market Cap
$248.15 billion
Rev. per Employee
$659,665
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/zigman2/quotes/202353025/composite
US : U.S.: Nasdaq
$ 503.22
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P/E Ratio
102.04
Dividend Yield
N/A
Market Cap
$221.12 billion
Rev. per Employee
$2.22M
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/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,124.62
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P/E Ratio
149.22
Dividend Yield
N/A
Market Cap
$1536.78 billion
Rev. per Employee
$359,671
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/zigman2/quotes/202259802/composite
US : U.S.: Nasdaq
$ 292.72
-3.20 -1.08%
Volume: 610,008
July 9, 2020 1:23p
P/E Ratio
50.81
Dividend Yield
N/A
Market Cap
$76.73 billion
Rev. per Employee
$1.22M
loading...
/zigman2/quotes/200785374/composite
US : U.S.: NYSE
$ 95.42
-0.34 -0.36%
Volume: 1.10M
July 9, 2020 1:23p
P/E Ratio
36.45
Dividend Yield
2.44%
Market Cap
$70.73 billion
Rev. per Employee
$1.73M
loading...
/zigman2/quotes/203649727/composite
US : U.S.: Nasdaq
$ 58.50
-0.11 -0.19%
Volume: 8.82M
July 9, 2020 1:23p
P/E Ratio
11.31
Dividend Yield
2.26%
Market Cap
$248.15 billion
Rev. per Employee
$659,665
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/zigman2/quotes/200481602/composite
US : U.S.: NYSE
$ 33.73
-1.59 -4.50%
Volume: 2.37M
July 9, 2020 1:23p
P/E Ratio
9.61
Dividend Yield
5.33%
Market Cap
$47.59 billion
Rev. per Employee
$362,741
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/zigman2/quotes/201249319/composite
US : U.S.: Nasdaq
$ 71.84
-1.43 -1.95%
Volume: 469,902
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P/E Ratio
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Dividend Yield
3.78%
Market Cap
$10.04 billion
Rev. per Employee
$848,083
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/zigman2/quotes/208900023/composite
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$ 63.44
-2.15 -3.28%
Volume: 2.09M
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P/E Ratio
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Market Cap
$37.99 billion
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/zigman2/quotes/201030797/composite
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$ 40.18
-1.69 -4.04%
Volume: 730,918
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P/E Ratio
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Dividend Yield
5.58%
Market Cap
$11.47 billion
Rev. per Employee
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/zigman2/quotes/200294387/composite
US : U.S.: NYSE
$ 10.12
-0.49 -4.58%
Volume: 2.44M
July 9, 2020 1:23p
P/E Ratio
9.94
Dividend Yield
6.11%
Market Cap
$4.86 billion
Rev. per Employee
$702,333
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Philip van Doorn covers various investment and industry topics. He has previously worked as a senior analyst at TheStreet.com. He also has experience in community banking and as a credit analyst at the Federal Home Loan Bank of New York.

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