Europe Inc's recession expected to deepen as third quarter earnings outlook dims: Refinitiv

LONDON - Europe’s corporate recession is expected to deepen, the latest forecasts show, as companies struggle with uncertainties from Brexit, the protracted U.S.-China trade spat and Germany’s manufacturing recession.

Earnings that grew by 14.4% in the same quarter a year earlier are seen posting their worst EPS since Q3 2016 when earnings fell 5%. Excluding the energy sector, Q3 earnings are expected to fall just 0.3% with revenue increasing 3.1%, the data showed.

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