Investors deliver harshest punishment for earnings warnings in 16 years

© Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 25, 2023. REUTERS/Staff/File Photo

This week has seen shares in a raft of blue-chip companies get slammed, not just for missing forecasts, but even for excessive optimism given how weak the outlook for growth is. European companies that missed earnings per share expectations this reporting season have seen their share prices fall by an average of 6.18% in the five days after reporting, versus a 2.04% average gain for those that beat them, according to Morgan Stanley.

"The market forgives nothing at this time," Angelo Meda, a portfolio manager at Banor SIM in Milan, said.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investors And Companies Set The Stage For A $20 Trillion Impact Through New Nature ReportingSimi Thambi is a climate economist. She has worked with leading organizations, including the United Nations, the International Monetary Fund and the Government of India, on sustainability themes across agriculture, land-use change and energy sectors.
Source: ForbesTech - 🏆 318. / 59 Read more »

Among the S&P 500, these 20 companies have made the best use of investors’ moneyHigh returns on invested capital can be useful for narrowing down a list of stocks for investment
Source: MarketWatch - 🏆 3. / 97 Read more »