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Goldman Says European Profit Misses Are Punished Most in Decades

Goldman Says European Profit Misses Are Punished Most in Decades

Bloomberg11 hours ago
The stock market is meting out the harshest punishment in decades to companies that fall short of earnings estimates in Europe this quarter, research from Goldman Sachs Group Inc. shows.
Members of the Stoxx Europe 600 Index that post lower-than-predicted earnings or profit warnings are lagging the benchmark by 2.3 percentage points on average, according to the Goldman data. That's the worst reaction in the bank's analysis as far back as 2005.
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