Global Market: European companies set for 21% Q3 earnings growth, led by energy firms
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓European companies are set for 21% Q3 earnings growth, led by energy firms.
- ✓LSEG data released on Thursday showed that STOXX 600 firms expect strong profits, with energy companies seeing a 115.9% jump.
- ✓While energy firms helped, the real estate sector fell, showing how different industries got mixed results this season.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
European companies are expected to report strong third-quarter earnings growth, driven primarily by energy and basic materials firms, although the pace of profit expansion is likely to moderate slightly from the previous quarter, according to the latest LSEG I/B/E/S data released on Thursday.
Companies listed on the benchmark STOXX 600 index are forecast to post aggregate earnings growth of 21% year-on-year, up from the 19.4% projected a week earlier. If realised, this would mark the second-strongest quarterly profit growth in the past 14 quarters, the LSEG data showed, Reuters reported.
S&P 500 Top Gainers
CoStar Group29.81(8.01%)
Chipotle Mexican Grill32.68(6.21%)
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The Economic Times
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