European Corporate Earnings Take a Hit
The outlook for European corporate health has worsened, with second-quarter earnings projected to decline year-on-year. Analysts' expectations have shifted from a slight growth to an anticipated 0.2% drop, highlighting mounting challenges for European companies.
The financial landscape for European corporations is appearing increasingly bleak, according to the latest forecasts released on Tuesday.
Data from LSEG I/B/E/S indicates a projected 0.2% decline in second-quarter earnings year-on-year for European companies, contrary to a 0.6% growth anticipated just last week.
This revision underscores escalating challenges and uncertainties in the corporate sector across Europe.
(With inputs from agencies.)
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