BREAKING NEWS
This content is not available in your region

Europe Inc's third-quarter profit outlook improves but still deep in red

Europe Inc's third-quarter profit outlook improves but still deep in red
FILE PHOTO: A trader sits in front of the computer screens at his desk at the Frankfurt stock exchange, Germany, June 29, 2015. REUTERS/Ralph Orlowski   -   Copyright  Ralph Orlowski(Reuters)
Text size Aa Aa

LONDON (Reuters) – Earnings expectations for European listed companies improved slightly for the third quarter but the region is still stuck in a corporate recession, data published on Tuesday showed.

Companies listed on the pan-European STOXX 600 index <.STOXX> are expected to report a 6.6% decline in earnings for the July-September quarter, compared with an 8.4% drop expected a week ago, according to the latest data from I/B/E/S Refinitiv.

That would mark the third straight decline and worst quarterly performance since Q2 2016.

Revenues in the quarter are now expected to rise 0.8% versus last week’s expectation of no growth.

Graphic: European earnings – https://fingfx.thomsonreuters.com/gfx/buzzifr/14/10036/10036/Pasted%20Image.jpg

(Reporting by Thyagaraju Adinarayan, edited by Julien Ponthus)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.