European Inc's Q4 profit growth expectation stabilises
LONDON, Feb 5 (Reuters) - Companies listed on the pan-European STOXX 600 index are seen reporting 1.2% growth in earnings in the fourth quarter, just a touch below the 1.3% growth rate expected last week, according to the latest data from I/B/E/S Refinitiv.
The anticipated earnings growth would mark an end to a nine-month-long profit recession, after the region suffered three straight quarters of declining profits.
The Q4 growth rate, however, has come down in recent weeks, shrinking from a high of 5.5% in early November. (Reporting by Joice Alves, editing by Danilo Masoni)