Investing.com - Huntington Bancshares (NASDAQ:HBAN) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Huntington Bancshares announced earnings per share of $0.03 on revenue of $1.16B. Analysts polled by Investing.com anticipated EPS of $0.18 on revenue of $1.15B. That with comparison to EPS of $0.32 on revenue of $1.15B in the same period a year before.Huntington Bancshares had reported EPS of $0.28 on revenue of $1.16B in the previous quarter.Analysts are expecting EPS of $0.16 and revenue of $1.17B in the upcoming quarter.
Huntington Bancshares shares are down 46% from the beginning of the year and are trading at $8.04 , down-from-52-week-high.They are under-performing the S&P 500 which is down 13.73% year to date.
Huntington Bancshares follows other major Financial sector earnings this month
Huntington Bancshares's report follows an earnings missed by JPMorgan on Tuesday, April 14, 2020, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $1.87 on revenue of $29.54B.
UnitedHealth had beat expectations on Wednesday, April 15, 2020 with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.16B.
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