RPT-Corporate Europe turns a corner with latest results [Reuters]
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Source: Reuters
RPT-Corporate Europe turns a corner with latest results | Reuters Reuters Staff 5 Min Read (Repeats with no change to headline or text) * STOXX Q4 profits seen up 17 pct vs 15 pct for S&P 500 * European companies helped by cost-cutting and booming economy * Europe 2018 consensus growth forecast seen conservative * Tax cuts could boost U.S. companies this year By Danilo Masoni and Lewis Krauskopf MILAN/NEW YORK, Feb 22 (Reuters) - European corporate earnings have turned a corner halfway through quarterly results season, accelerating quicker than the United States, in a surprising development that could signal how consensus forecasts are underrating growth potential. A report this week by Thomson Reuters analyst David Aurelio showed combined profits of companies in the pan-regional STOXX 600 index are expected to have grown by 16.9 percent in the final three months of 2017. A week earlier, before forecast-beating results from big European names such as carmaker Renault, aerospace group
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