http://www.bloomberg.com/news/2011-07-31/worst-europe-earnings-hitting-industrials-as-stoxx-600-falls-9-.html?cmpid=
About 53 percent of companies in the Stoxx Europe 600 Index that have reported earnings since July 11 missed analysts’projections. That’s the most in data compiled by Bloomberg since 2006. The benchmark gauge lost 3.1 percent in the period, the largest decline to start an earnings season since April 2010.
More German companies have disappointed than any other country, Bloomberg data show. Investors were counting onEurope’s biggest economy to lead growth the next six months. Economies in Germany, Sweden and Norway may expand by an average of 3.5 percent in 2011, compared with a 1.4 percent rate in the U.K., France and Spain, according to the median forecasts of economists surveyed by Bloomberg.
About 53 percent of companies in the Stoxx Europe 600 Index that have reported earnings since July 11 missed analysts’projections. That’s the most in data compiled by Bloomberg since 2006. The benchmark gauge lost 3.1 percent in the period, the largest decline to start an earnings season since April 2010.
More German companies have disappointed than any other country, Bloomberg data show. Investors were counting onEurope’s biggest economy to lead growth the next six months. Economies in Germany, Sweden and Norway may expand by an average of 3.5 percent in 2011, compared with a 1.4 percent rate in the U.K., France and Spain, according to the median forecasts of economists surveyed by Bloomberg.
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