US earnings are stronger than those in the rest of the world, outpacing those of the international EAFE index which groups 21 major MSCI indices from Europe, Asia, Australia and the Middle East, Credit Suisse says on February 5. EAFE earnings are down 7.2% in the fourth quarter, compared with US growth of 11.7%. Japanese firms are missing their earnings forecasts by 7.2%, while European companies are falling behind by 8.0%. EAFE earnings growth lags the US in 9 out of 11 sectors, and is only growing faster in staples and utilities. While EAFE stocks are doing comparatively better in terms of revenue surprises, US companies are delivering more positive surprises at the bottom line. The overall picture remains the same even when US tax benefits are excluded, Credit Suisse says.