Investing.com - Allianz (ETR:ALVG) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Allianz announced earnings per share of €5.28 on revenue of €37.1B. Analysts polled by Investing.com anticipated EPS of €4.34 on revenue of €25.59B.
Allianz shares are down 15% from the beginning of the year, still down 24.58% from its 52 week high of €232.50 set on February 9. They are under-performing the Euro Stoxx 50 which is down 12.73% from the start of the year.
Allianz shares lost 2.29% in intra-day trade following the report.
Allianz follows other major Financial sector earnings this month
Allianz's report follows an earnings beat by Deutsche Boerse on July 27, who reported EPS of €1.98 on revenue of €1.02B, compared to forecasts EPS of €1.81 on revenue of €983.31M.
Deutsche Bank AG had beat expectations on July 27 with second quarter EPS of €0.5378 on revenue of €6.65B, compared to forecast for EPS of €0.4412 on revenue of €6.51B.
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