Europe Inc Heads for Strong Earnings
European blue-chip companies are on track for their second-best quarterly earnings in four years, supported by a massive profit jump in the energy sector. STOXX 600 firms expect 23.6 percent earnings growth, with revenues also seeing strong gains.
European blue-chips are set to deliver a third-quarter earnings growth of 23.6%, marking their second-strongest quarterly performance in four years. That is just below the 23.9% increase recorded in the previous quarter, per LSEG data released on Thursday. The robust profit expansion highlights broad resilience across the STOXX 600 index heading into the end of the year.
