Investing.com - HSBC Holdings (NYSE:HSBC) PLC ADR reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
HSBC Holdings PLC ADR announced earnings per share of $0.57 on revenue of $13.27B. Analysts polled by Investing.com anticipated EPS of $0.312 on revenue of $12.79B.
HSBC Holdings PLC ADR shares are up 14% from the beginning of the year, still down 6.37% from its 52 week high of $26.83 set on August 27, 2020. They are outperforming the S&P 500 which is up 11.37% from the start of the year.
HSBC Holdings PLC ADR follows other major sector earnings this month
HSBC Holdings PLC ADR's report follows an earnings matched by L’Oreal ADR on April 15, who reported EPS of $1.03 on revenue of $9.12B, compared to forecasts EPS of $1.03 on revenue of $9.23B.
Bank China ADR had beat expectations on March 30 with first quarter EPS of $0.5149 on revenue of $20.3B, compared to forecast for EPS of $0.4561 on revenue of $22.01B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar