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 . . .
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