European 2007 profit estimates rise after solid Q1

(Reuters) - While a sluggish U.S. economy has weighed on global economic
growth rates and helped push the dollar lower against the euro,
the collapse in European profitability feared by some
strategists has not occurred.




Consensus estimates for 2007 earnings per share growth have
risen to 7.8 percent for companies in MSCI's European index, up
from 7.2 percent earlier this month, according to data compiled
by UBS.


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