European Earnings Forecast to Jump 21.9 Percent
European corporate earnings are projected to grow 21.9 percent in the third quarter. Energy majors drive the gains with an expected profit surge amid market volatility.
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European companies are on track for third-quarter earnings growth of 21.9% on average, driven by a surge in energy sector profits. That rate marks the second-best showing in the past four years, according to LSEG data released Thursday afternoon. The stronger outlook comes as investors weigh macroeconomic pressures against sector-specific windfalls.
