Investing.com - Commerce Bancshares reported first quarter earnings that missed analyst's expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.85 on revenue of $324.73M. Analysts polled by Investing.com expected EPS of $0.91 on revenue of $335.66M. That compared to EPS of $0.92 on revenue of $312.58M in the same period a year earlier The company had reported EPS of $0.96 on revenue of $345.31M in the previous quarter.
Commerce Bancshares shares lost 3.05% to trade at $58.27 in intra-day trade following the report.
For the year, Commerce Bancshares shares are up 3.37%, under-performing the Nasdaq which is up 22.25% year to date.
Commerce Bancshares follows other major Financial sector earnings this month
On Thursday, March 28, 2019, Jefferies Financial reported first quarter EPS of $0.14 on revenue of $828.44M, compared to forecasts of EPS of $0.24 on revenue of $1.01B.
Healthequity Inc earnings beat analyst's expectations on Monday, March 18, 2019, with fourth quarter EPS of $0.27 on revenue of $75.78M. Investing.com analysts expected EPS of $0.22 on revenue of $74.07M