Revenues were $55,422.2 million in the second quarter at the 54 public companies we track, a hair lower than the $55,456.1 million tally last year, while aggregate net income slipped 9% to $3,232.0 million from $3,567.2 million, as many companies saw margins narrow. Bottom line results were distorted by Peloton’s stratospheric loss last year against a merely enormous one this year. Excluding the troubled connected fitness company, total net income would have been down 28%, with every sector posting a double-digit decline. Return on Sales was just 5.8%, down from 6.4% ... Log in to view full article.