Global Earnings to Grow Faster Than Forecast, Citigroup Says
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Global per-share earnings will rise 18 percent this year, faster than an earlier forecast, amid stronger revenue growth and sustained margins, according to Citigroup Inc.
Earnings per share, or EPS, are estimated to increase 11 percent in 2012 and 9 percent in 2013, analysts led by Robert Buckland, Citigroup’s chief global strategist, wrote in a report yesterday. The brokerage had predicted in September earnings-per-share growth of 12 percent this year.