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Of the 815 companies that have reported earnings so far this season, 65.2% of them have beaten earnings estimates. Below is a look at the earnings beat rate by sector. As shown, Technology leads the way with a beat rate of 71.3%, followed by Industrials at 68.7%, Financials at 67.9% and Consumer Discretionary at 65.2%.

On the weak side, Utilities and Telecom have very low beat rates, but keep in mind that only a handful of companies in each sector have reported so far. The Materials and Energy sectors have been real areas of weakness. Only 51% of the 51 Materials companies that have reported this season have beaten earnings estimates, while just 58.1% of the 43 Energy stocks that have reported have beaten.

(click to enlarge)