Q2 Earnings Season Starts Off Strong; Flotek (FTK), Ultra Clean (UCTT) Lead Charge Higher

As Q2 earnings season gets underway, results have been largely positive for about 400 stocks.

According to the latest StreetInsider.com data, the Q2 earnings season beat rate is at 73 percent, with 294 companies topping consensus estimates and 109 companies missing expectations.

Notably, the historical beat rate is about 64 percent.

Top performers from recently quarterly reports include*:

• Flotek Industries (NYSE: FTK) - up about 39 percent
• Ultra Clean (Nasdaq: UCTT) - up about 33 percent
• Altisource Portfolio Solutions (Nasdaq: ASPS) - up about 29 percent
• Neogen (Nasdaq: NEOG) - up about 24 percent
• Universal Forest Products (Nasdaq: UFPI) - up about 22 percent

Top losers include*:

• DragonWave (Nasdaq: DRWI) - down 30 percent
• ANgie's List (Nasdaq: ANGI) - down 29 percent
• Travelzoo (Nasdaq: TZOO) - down 27 percent
• Barracuda Networks (NYSE: CUDA) - down 23 percent
• Lexmark (NYSE: LXK) - down 23 percent

(*NOTE: Guidance, management changes, etc., were not taken into consideration when compiling this list.)

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