Investing.com - Santander (MC:SAN) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Santander announced earnings per share of €0.01 on revenue of €22.46B. Analysts polled by Investing.com anticipated EPS of €0.06 on revenue of €11.85B. That with comparison to EPS of €0.11 on revenue of €12.09B in the same period a year before.Santander had reported EPS of €0.12 on revenue of €12.59B in the previous quarter.Analysts are expecting EPS of €0.12 and revenue of €12.23B in the upcoming quarter.
Santander shares are down 44% from the beginning of the year and are trading at €2.052 , down-from-52-week-high.They are under-performing the IBEX 35 which is down 29.08% year to date.
Santander follows other major Financial sector earnings this month
Santander's report follows an earnings beat by Bankinter on Thursday, April 23, 2020, who reported EPS of €0.14 on revenue of €436M, compared to forecasts EPS of €0.11 on revenue of €531.81M.
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