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Earnings beat or hit estimates at highest rate in 20 years

Earnings season is well underway with about 80% of the S&P 500 reporting quarterly results. Yahoo Finance’s Seana Smith, Pras Subramanian, Melody Hahm and Ethan Wolff-Mann discuss Credit Suisse’s report that the number of companies hitting or beating earnings expectations is at the highest rate in 20 years.