The earnings season has been brutal on companies that miss expectations by a little or maybe even meet expectations. It is odd for a company to report in-line and give guidance that is also in-line with expectations to have such negative reactions in their stock price. This is generally not a bullish indicator. The percentage of companies beating earnings estimates is 74% of those reporting, which is a little higher than average of 71% usually.

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Market in a Minute 2017-11-7