Top 10 Companies That Beat Sales Forecasts

(TheStreet) -- Earnings season has been an indisputable success so far, with 76% of S&P 500 companies exceeding analysts' earnings estimates. Here are the 10 companies that beat by the widest margins. While stocks have been hit by economic uncertainty, these companies have demonstrated momentum. They are ordered by sales outperformance.

10. HCP (NYSE: HCP) is a real estate investment trust focusing on health care properties. Second-quarter revenue rose 4% to $306 million, outpacing the consensus prediction by 15%. Net income fell 13% to $85 million, but earnings per share increased 23% to 27 cents. The gross and operating margins rose from 51% to 53%.

HCP holds $136 million of cash and $5.4 billion of debt, translating to a debt-to-equity ratio of 0.9. HCP's stock sells for a forward earnings multiple of 30 and a book value multiple of 1.8, 45% and 24% discounts to industry averages. It pays a distribution yield of 5.5% with a payout ratio of 459%. Roughly 31% of analysts covering HCP rate its stock "buy."

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