By Tajinder Dhillon
18Q2 earnings season is underway with 44 companies reporting last week. Exhibit 1 provides a summary of reporting results.
Exhibit 1: Earnings Season Results
Source: Thomson Reuters I/B/E/S
Overall Recap
Of the companies that reported this week, 50% beat EPS expectations and 48% missed EPS expectations. In addition, 64% beat revenue expectations and 36% missed revenue expectations.
The company which beat EPS expectations by the largest amount was Swedish Orphan Biovitrum AB (SWTUY) with a positive 32.3% surprise. The company which missed EPS expectations by the largest amount was Telefonaktiebolaget LM Ericsson