Investing.com - Mapfre reported on Monday second quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Mapfre announced earnings per share of €0.06 on revenue of €4.25B. Analysts polled by Investing.com anticipated EPS of €0.06 on revenue of €4.35B.
Mapfre shares are up 12% from the beginning of the year, still down 8.04% from its 52 week high of €1.95 set on May 17. They are outperforming the IBEX 35 which is up 8.69% from the start of the year.
Mapfre follows other major Financial sector earnings this month
Mapfre's report follows an earnings beat by Bankinter on Friday, who reported EPS of €0.6 on revenue of €450M, compared to forecasts EPS of €0.42 on revenue of €435.62M.
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