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Q2 2020 Corporate Earnings and Revenues

This is a syndicated repost courtesy of True Economics. To view original, click here. Reposted with permission.

Factset latest data on STOXX600 earnings for 2Q 2020 is dire:

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In basic terms, earnings figures managed to beat estimates only because analysts’ expectations of earnings drop off were even more gloomy than the already dismal outrun.

Year-on-year revenues growth was also bad:


Notably, sharper declines in earnings compared to revenues implies little gains in terms of any productivity or efficiencies during the pandemic response.


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