Investing.com - Intesa Sanpaolo (MI:ISP) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Intesa Sanpaolo announced earnings per share of €0.08 on revenue of €4.90B. Analysts polled by Investing.com anticipated EPS of €0.06 on revenue of €4.17B. That with comparison to EPS of €0.06 on revenue of €4.39B in the same period a year before.Intesa Sanpaolo had reported EPS of €0.04 on revenue of €4.57B in the previous quarter.Analysts are expecting EPS of €0.04 and revenue of €4.28B in the upcoming quarter.
Intesa Sanpaolo shares are down 47% from the beginning of the year and are trading at €1.4510 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 19.45% year to date.
Intesa Sanpaolo follows other major Financial sector earnings this month
Intesa Sanpaolo's report follows an earnings missed by UniCredit on Thursday, February 6, 2020, who reported EPS of €0.1 on revenue of €4.85B, compared to forecasts EPS of €0.74 on revenue of €4.63B.
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