LONDON (Reuters) – European companies will report a smaller growth in earnings in the fourth quarter than previously expected, but are likely to end a nine month long corporate recession, according to data released on Tuesday.
Companies listed on the pan-European STOXX 600 index <.STOXX> are expected to report a 2.5% rise in earnings per share, which would be the best quarterly performance for the region since Q3 2018, according to the latest data from I/B/E/S Refinitiv.
The anticipated growth rate has however come down in recent weeks, shrinking from a high of 5.5% in early November.
This still constitutes a welcomed improvement for a region that has suffered three straight quarters of declining profits. (Graphic: Europe earnings click, https://fingfx.thomsonreuters.com/gfx/buzzifr/15/4138/4138/Pasted%20Image.jpg)
(Reporting by Thyagaraju Adinarayan, edited by Julien Ponthus)