Here are the key takeaways from the latest earnings season

From PragCap:
Good summary of the Q3 earnings season so far via Zacks:
The bulk of the third-quarter 2012 reporting season is now behind us, with results from 460 companies in the S&P 500 already out. Overall results are weaker than what we have been seeing in quite a while.
Total earnings for these companies are down 2.2% from the same period last year, with only 62.6% of the companies beating earnings expectations.
Total revenues are down 3.6% and only 38% of the companies have come out with positive revenue surprises.
Unlike recent quarters, results from the tech sector have been...
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