July 2, 2019 / 9:57 AM / in 18 days

European earnings seen rising 1.8% in second quarter - Refinitiv

FILE PHOTO: General view of the Frankfurt stock exchange, Germany, June 29, 2015. REUTERS/Ralph Orlowski

MILAN (Reuters) - Companies listed on the pan-European STOXX 600 index are expected to report a 1.8% earnings growth in the second quarter compared to a year earlier, according data from I/B/E/S Refinitiv.

That represents an improvement compared to the previous quarter when earnings fell 2.0%, but a sharp decline versus the same quarter of last year when earnings rose 9.7%.

Revenue growth is expected at 1.1% in the second quarter, down from 3.6% in the first quarter and from 3.2% in the same quarter of 2018, the data showed.

Excluding the energy sector, earnings are expected to increase 1.3% in the second quarter with revenues rising 3.2%.

Reporting by Danilo Masoni; editing by Thyagaraju Adinarayan

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