Investing.com - Barclays (LON:BARC) reported on Wednesday second quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Barclays announced earnings per share of £0.01 on revenue of £5.34B. Analysts polled by Investing.com anticipated EPS of £0.01 on revenue of £5.25B.
Barclays shares are down 41.37% from the beginning of the year and are trading at £105.32 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 11.56% from the start of the year.
Barclays shares lost 5.85% in intra-day trade following the report.
Barclays follows other major Financial sector earnings this month
Barclays's report follows an earnings missed by IG Group on Thursday, July 23, 2020, who reported EPS of £0.43 on revenue of £259.5M, compared to forecasts EPS of £30.20 on revenue of £259M.
Liontrust had missed expectations on Wednesday, July 8, 2020 with second quarter EPS of £0.1 on revenue of £70.93M, compared to forecast for EPS of £29.90 on revenue of £58.10M.
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