While U.S. firms are off to another round of strong earnings, Europe is on track toward its...

|By:, SA News Editor

While U.S. firms are off to another round of strong earnings, Europe is on track toward its worst earnings season in a decade. Of the 49 companies reporting so far, Bank of America says 36.7% have beaten and 53.1% have missed. The sectors which have outperformed in the U.S. are doing the worst in Europe: discretionary, industrials and staples.