European Earnings Disaster: Only 3 Percent Of Large Caps BeatingMani
Europe’s third quarter earnings witness modestly positive results with 35% of companies beating estimates, while 28% missed estimates.
Matthew Garman and team at Morgan Stanley (NYSE:MS) in their recent European Equity Strategy report tracked 145 companies and point out over half the companies reporting to date have missed their top-line expectations.
Financials beat estimates
Morgan Stanley (NYSE:MS) analysts point out that financials posted the most earning beats, followed by energy . . .
This content is exclusively for paying members. Sign up here
If you are subscribed and having an account error please clear cache and cookies if that does not work email firstname.lastname@example.org or click chat