As of this past Friday, 441 of the S&P 500 companies (just under 90%) have reported earnings.
Here's how things stand:
- Companies Exceeding Estimates: 279 or 63%
- Companies Matching Estimates: 51 or 12%
- Companies Falling Below Estimates: 111 or 25%
So far, the tech sector has had 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. Microsoft and GM follow with $380 million and $352 million respectively.