Europe Inc Not Out Of Woods Yet, Profits Set To Drop In Fourth Quarter
The anticipated growth rate has come down in recent weeks, shrinking from a high of 5.5% in early November. The decline would mark the fourth straight quarter of declining profits.
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European companies are seen reporting a decline in profits in the fourth quarter, according to latest data, denting hopes that the region's corporations would end a nine-month long earnings recession.
Companies listed on the pan-European STOXX 600 index are seen reporting a 0.6% year-on-year decline in earnings per share, according to I/B/E/S Refinitiv.
The anticipated growth rate has come down in recent weeks, shrinking from a high of 5.5% in early November. The decline would mark the fourth straight quarter of declining profits.
(Reuters)