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EUROPE'S EARNINGS GAIN PACE WHILE LOFTY VALUATIONS CAP REWARDS

  • NEWS Desk Global
  • 1 day ago
  • 1 min read

European company earnings growth is picking up this reporting season against a tentatively improving economic backdrop, but wary investors are demanding more than solid results to justify sky-high valuations.

Companies representing 57% of Europe's market capitalisation have reported so far, achieving average earnings growth of 3.9% in the fourth quarter, ahead of estimates for a final result of a contraction of 1.1% based on LSEG I/B/E/S data.

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