| Market Closed - Switzerland 11:50:00 2024-07-17 am EDT | 5-day change | 1st Jan Change | ||
| 514.8 PTS | -0.48% |
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-0.31% | +7.48% |
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LONDON (Reuters) - European companies listed on the STOXX 600 index are expected to report 3.6 percent year-on-year earnings growth in the fourth quarter, sharply lower than the 4.8 percent forecast last week, according to I/B/E/S Refinitiv.
The new estimate confirms a sharp downward trend and amounts to about a third of the earnings growth levels forecast in November. On January 15, the forecast still stood at 6 percent.
The revision comes after 26 STOXX 600 companies reported results so far this earnings season with 50 percent exceeding analyst estimates. This is in line with a typical quarter, Refinitiv analysts said in a note.
(Reporting by Julien Ponthus, editing by Helen Reid)
Highest STOXX EUROPE 600 (EUR) increases |
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| +16.33% | |
| +13.92% | |
| +9.24% | |
| +7.37% | |
| +7.01% |
The sharpest declines in STOXX EUROPE 600 (EUR). |
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| -7.52% | |
| -7.65% | |
| -8.40% | |
| -10.93% | |
| -14.80% |
