Investing.com - Generali (MI:GASI) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Generali announced earnings per share of €0.12 on revenue of €34.46B. Analysts polled by Investing.com anticipated EPS of €0.44 on revenue of €18.02B.
Generali shares are down 30% from the beginning of the year and are trading at €12.8100 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 13.54% from the start of the year.
Generali follows other major Financial sector earnings this month
Generali's report follows an earnings beat by UniCredit on Wednesday, May 6, 2020, who reported EPS of €-0.05 on revenue of €4.38B, compared to forecasts EPS of €-0.06 on revenue of €4.38B.
Banca Mediolanum had missed expectations on Tuesday with second quarter EPS of €0.1 on revenue of €401.85M, compared to forecast for EPS of €0.12 on revenue of €382.7M.
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