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Earnings Beat Rate Gets Better

Typically you see the percentage of companies beating earnings estimates drop as earnings season progresses, but that hasn't been the case so far this season.  As shown in the charts below, the earnings beat rate currently stands at 61.3% for the 1,463 US companies that have reported since October 9th.  This is the highest reading we've seen since October 16th when just 35 companies had reported.  If earnings season were to end today, the beat rate would be higher than the readings seen in the previous three quarters.  

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