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0.000214776632302363 0.00107388316151197 -0.000644329896907241 -0.00214776632302409 -0.00214776632302409 -0.00257731958762881 -0.00322164948453605 -0.00343642611683841
Stock impact report

'Fasten your seatbelt': Investors brace for Europe Inc. results amid coronavirus [Reuters (UK)]

STMicroelectronics N.V. (STM) 
Last stmicroelectronics n.v. earnings: 4/22 01:00 am Check Earnings Report
US:NYSE Investor Relations: investors.st.com
Company Research Source: Reuters
'Fasten your seatbelt': Investors brace for Europe Inc. results amid coronavirus - Reuters 6 Min Read LONDON (Reuters) - Investors will be hunting for companies that can rein in costs, preserve cash and avoid amassing big inventories during the coronavirus crisis as Europe Inc. prepares to report the steepest profit fall since the 2008 global financial meltdown. Companies in the pan-European STOXX 600 index are expected to release figures showing a 22% plunge in first quarter earnings, Refinitiv data show, after estimates at the start of the year had initially forecast a 10.5% rise. Amid deepening uncertainty for the global economy, many European firms have scrapped their outlooks. The Refinitiv data based on analyst forecasts show earnings down 34.2% in the second quarter and 25.5% in the third. “Fasten your seatbelt,” said Emmanuel Cau, head of European equity strategy at Barclays. “The final numbers will likely be worse as the global economy has come to a standstill, which might no Show less Read more
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