As of this morning, about 56% of the S&P 500 companies have reported earnings.
Here's how things stand so far:
- Companies Exceeding EPS Estimates: 36%
- Companies Matching EPS Estimates: 6%
- Companies Falling Below EPS Estimates: 14%
Starwood Hotels had the biggest percent surprise to the upside followed by Masco . In absolute dollars, Citigroup leads the list with a surprise of $4.3 billion, followed by Bank of America with a $1.9 billion gain. Ford Motor beat the street in earnings with $2.1 billion but had the highest miss in terms of absolute dollars for revenue, off by $2.4 billion according to data from Thomson Reuters.