So far 364 of the S&P 500 companies (just under 75%) have reported earnings.
Here's how things stand:
- Companies Exceeding Estimates: 219 or 60%
- Companies Matching Estimates: 49 or 13%
- Companies Falling Below Estimates: 96 or 26%
So far, it is the tech sector that has the biggest surprises to the upside, with Lexmark reporting EPS that was 122% above expectations. In absolute dollars, Exxon still leads with its $982 million surprise. Disney surprised last week by $219 million.