European companies are expected to report strong third-quarter earnings growth, driven primarily by energy and basic materials firms, although the pace of profit expansion is likely to moderate slightly from the previous quarter, according to the latest LSEG I/B/E/S data released on Thursday.
Companies listed on the benchmark STOXX 600 index are forecast to post aggregate earnings growth of 21% year-on-year, up from the 19.4% projected a week earlier. If realised, this would mark the second-strongest quarterly profit growth in the past 14 quarters, the LSEG data showed, Reuters reported.
