Investing.com - Abrdn reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Abrdn announced earnings per share of £-0.13 on revenue of £731.0M. Analysts polled by Investing.com anticipated EPS of £6.20 on revenue of £753.00M.
Abrdn shares are down 33% from the beginning of the year and are trading at £161.15 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 10.62% from the start of the year.
Abrdn follows other major Financial sector earnings this month
Abrdn's report follows an earnings beat by HSBC on Monday, August 1, 2022, who reported EPS of £0.228 on revenue of £10.7B, compared to forecasts EPS of £0.1439 on revenue of £10.39B.
State Bank India had missed expectations on Saturday with second quarter EPS of £0.8538 on revenue of £4.21B, compared to forecast for EPS of £1.1 on revenue of £5.04B.
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