Investing.com - HSBC reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
HSBC announced earnings per share of $0.1101 on revenue of $9.87B. Analysts polled by Investing.com anticipated EPS of $0.131 on revenue of $9.76B.
HSBC shares are up 10% from the beginning of the year and are trading at $494.30 , down-from-52-week-high.They are outperforming the TR UK 50 which is up 4.93% from the start of the year.
HSBC shares lost 1.46% in intra-day trade after the report.
HSBC follows other major Financial sector earnings this month
HSBC's report follows an earnings missed by Commer Intl Bank on Tuesday, April 19, 2022, who reported EPS of $0.1012 on revenue of $420.68M, compared to forecasts EPS of $0.1064 on revenue of $408.78M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar