Investing.com - Allianz (DE:ALVG) reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Allianz announced earnings per share of €-0.74 on revenue of €38.4B. Analysts polled by Investing.com anticipated EPS of €4.88 on revenue of €32.04B.
Allianz shares are up 7% from the beginning of the year and are trading at €222.50 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 4.77% from the start of the year.
Allianz shares lost 100.00% in pre-market trade the report.
Allianz follows other major Financial sector earnings this month
Allianz's report follows an earnings beat by Deutsche Boerse on Friday, February 11, 2022, who reported EPS of €1.64 on revenue of €934.8M, compared to forecasts EPS of €1.56 on revenue of €940.29M.
DWS Group had missed expectations on Thursday, January 27, 2022 with fourth quarter EPS of €1.15 on revenue of €797M, compared to forecast for EPS of €1.38 on revenue of €725.84M.
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