European First-Quarter Earnings Show Strong Recovery, But…Rupert Hargreaves
It seems as if Europe has finally turned the corner if corporate earnings are anything to go by. Halfway through the European first-quarter earnings season, 63% of companies have reported better-than-expected numbers, and 29% have missed giving net beats of 34%, the highest level in seven years according to analysis from UBS. The seven-year average is 13%.
According to the Swiss bank’s analysts, this strong performance is yet more evidence that the European
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