Investing.com - Societe Generale (EPA:SOGN) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Societe Generale announced earnings per share of €0.9262 on revenue of €6.24B. Analysts polled by Investing.com anticipated EPS of €0.2376 on revenue of €6.2B.
Societe Generale shares are down 19% from the beginning of the year and are trading at €22.77 , down-from-52-week-high.They are under-performing the CAC 40 which is down 12.01% from the start of the year.
Societe Generale follows other major Financial sector earnings this month
Societe Generale's report follows an earnings beat by BNP Paribas on Tuesday, who reported EPS of €1.61 on revenue of €12.58B, compared to forecasts EPS of €1.12 on revenue of €11.61B.
Credit Agricole had missed expectations on Thursday with first quarter EPS of €0.21 on revenue of €5.93B, compared to forecast for EPS of €0.298 on revenue of €5.6B.
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