Seeking Alpha
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A little over 200 companies have reported earnings so far this season, and as shown below, 58% of them have beaten consensus earnings estimates. This is the exact same "beat rate" we saw last earnings season.

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Unfortunately, top-line revenue numbers haven't been pretty. As shown below, 43.9% of the companies that have reported have beaten revenue estimates, which would be the weakest reading seen since the financial crisis. Last earnings season, we saw a big bounce in revenue beats after two very weak quarters, but it looks now like we're reverting back to what we saw in the middle of 2012.

(click to enlarge)

Source: Bottom-Line Average, Top-Line Bad