Here’s What to Expect in Europe’s Third-Quarter Earnings Season
- ‘Mother of all profit turnarounds’ is coming, Jefferies says
- Virus’s persistence may blunt optimism from quarterly results
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European earnings are emerging from a pandemic-induced trough, with Jefferies Financial Group Inc. strategist Sean Darby predicting “the mother of all profit turnarounds” when the bulk of companies begins rolling out results this week. Whether the announcements can fuel another leg in the stock rally is another matter.