Earnings season is coming to an end with a thud Thursday on weaker than expected reports from Wal-Mart (WMT) and Cisco (CSCO). That being said, overall it was a relatively good season. As shown below, the final earnings beat rate (% of companies reporting better than expected earnings) came in at 62.2%, which was the highest reading since Q3 2011. The final revenue beat rate came in at 56.6%.
While top line numbers weren't as strong as bottom line numbers, the revenue beat rate this quarter was still stronger than 3 of the past 4 earnings seasons.