Investing.com - ING Groep (AS:INGA) reported on Friday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
ING Groep announced earnings per share of €0.11 on revenue of €4.6B. Analysts polled by Investing.com anticipated EPS of €0.1286 on revenue of €4.57B.
ING Groep shares are down 26% from the beginning of the year, still down 35.35% from its 52 week high of €14.00 set on February 9. They are under-performing the Euro Stoxx 50 which is down 14.7% from the start of the year.
ING Groep shares lost 0.93% in intra-day trade following the report.
ING Groep follows other major Financial sector earnings this month
ING Groep's report follows an earnings beat by Flow Traders NV on April 22, who reported EPS of €1.24 on revenue of €123.72M, compared to forecasts EPS of €1.16 on revenue of €123.72M.
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