So far 364 of the S&P 500 companies (just under 75%) have reported earnings.
Here's how things stand:
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.
On the downside, the banks lead the losers with Sallie Mae reporting the biggest miss in that sector, off by 165%. The biggest surprise overall has been Tesoro which missed by 1,550%. In absolute dollars, Merrill Lynch is still the biggest loser with its $6.3 billion downside surprise.