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Europe Inc Q1 profits seen falling 2.2% amid tariff turmoil

ReutersApr 8, 2025 5:04 PM

April 8 (Reuters) - The outlook for European corporate health has deteriorated, the latest forecasts showed on Tuesday, heightening fears that a global trade war ignited by U.S. President Donald Trump's tariffs will hurt companies' earnings in the first quarter.

European companies are expected to report a drop of 2.2% in first-quarter earnings, according to LSEG I/B/E/S data, worse than the 1.5% drop analysts expected a week ago.

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