These 10 S&P 500 companies increased sales faster than Amazon

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

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 US:SPX 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:

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 US:NFLX and Amazon.com US:AMZN 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 US:VRTX topped the list on the strength of its new Trikafta medication for cystic fibrosis, partially offset by declines in other medications.

Prologis US:PLD and Intel US:INTC both benefited from the continued growth of the datacenter industry.

This article was originally published on MarketWatch

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