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Thursday
Aug152013

Final Q2 '13 Earnings and Revenue Beat Rates

Earnings season is coming to an end with a thud today 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.

Click here to read CNBC.com's recent article on Bespoke Investment Group.