NEW YORK (Reuters) - Perhaps familiarity does breed contempt. The biggest U.S. companies have often failed to meet forecasts this earnings season, while their smaller counterparts have delivered.
"Big-cap" companies have been hit with a number of high-profile earnings disappointments, including most recently, Hewlett-Packard and Dell. The percent of companies exceeding expectations is the lowest since the end of 2008 and profit margins are deteriorating.
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