Morgan Stanley strategists said European companies’ earnings growth accelerated this quarter, nearly matching the United States, as signs of a stronger-than-expected earnings season increased. According to Sina Finance, a team led by Regiane Yamagata wrote in a research note that year-over-year earnings growth was 28%, compared with 30% in the United States, and company reports prompted analysts to continue raising earnings estimates. The weighted share of stocks that beat expectations was 28%, while the breadth of upward revisions to forward earnings forecasts was 8%. After earnings reports were released, technology hardware, utilities, and high-performance computing led earnings upgrades; semiconductors and technology hardware were also the main drivers of upward earnings revisions.