The eurozone economy may appear to be recovering faster than those of the US and UK, but its companies are underperforming their British and American rivals.
Companies from the eurozone are the only ones, among the trio of regions, where there have been more disappointments than positive surprises in the ongoing second-quarter results season, according to analysts at Dutch bank ING.
Leading the way – in contrast to the economic growth figures – are German companies, with more than a third releasing results that were worse than analysts' expectations and fewer than one in 10 beating forecasts.
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