Earnings scorecard: 17 out of 20 industrial companies beat EPS estimates this week

Industrial companies remained in the spotlight this week as investors digested quarterly results from General Electric (GE [https://seekingalpha.com/symbol/GE]), Lockheed Martin (LMT [https://seekingalpha.com/symbol/LMT]), RTX (RTX [https://seekingalpha.com/symbol/RTX]), 3M (MMM [https://seekingalpha.com/symbol/MMM]), and Bloom Energy (BE [https://seekingalpha.com/symbol/BE]), among others. The Industrial Select Sector SPDR ETF (XLI [https://seekingalpha.com/symbol/XLI]) fell 2.3% over the past week, compared with a 1% decline in the S&P 500 (SP500 [https://seekingalpha.com/symbol/SP500#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]). On a YTD basis, XLI has underperformed the broader market with 6.