Investing.com - UniCredit reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
UniCredit announced earnings per share of €0.19 on revenue of €5.02B. Analysts polled by Investing.com anticipated EPS of €0.3049 on revenue of €4.41B.
UniCredit shares are down 15% from the beginning of the year, still down 46.47% from its 52 week high of €15.93 set on February 10. They are under-performing the S&P 500 which is down 12.99% from the start of the year.
UniCredit follows other major Financial sector earnings this month
UniCredit's report follows an earnings beat by Banco Bpm on Friday, who reported EPS of €0.0838 on revenue of €1.19B, compared to forecasts EPS of €0.0788 on revenue of €1.12B.
Anima Holding SpA had missed expectations on Wednesday with first quarter EPS of €0.1063 on revenue of €88.6M, compared to forecast for EPS of €0.1167 on revenue of €84.75M.
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