Only 38% of S&P 500 companies that have reported have beaten revenue expectations - compared to a historical average of around 46%

Only 38% of S&P 500 companies that have reported have beaten revenue expectations - compared to a historical average of around 46%. As Bloomberg notes, Q3 2013 will be the first time for 3 consecutive quarters of sub-50% meeting expectations since their records began. The chart on the following link shows the downward trend suggesting that expectations on a hockey stick style recovery were optimistic (VIEW LINK)