Europe Third Quarter Earnings Forecast Hits Four Year High
European blue chip third quarter earnings growth estimates rose to a four year high driven by the energy sector. Companies are expected to report aggregate growth of 25 percent. Energy profits jumped significantly while basic materials lagged.
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European blue-chip third-quarter earnings growth rose to 25% on an aggregate basis, hitting a four-year high driven by the energy sector. That performance surpasses the strong 23.6% growth recorded the previous week, according to LONDON STOCK EXCHANGE GROUP I/B/E/S data released on Thursday morning.
