Investing.com - ING Groep (AS:INGA) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
ING Groep announced earnings per share of €0.2 on revenue of €4.29B. Analysts polled by Investing.com anticipated EPS of €0.23 on revenue of €4.46B.
ING Groep shares are down 23% from the beginning of the year and are trading at €6.03 , down-from-52-week-high.They are under-performing the Nasdaq which is up 29.18% from the start of the year.
ING Groep shares lost 5.93% in intra-day trade following the report.
ING Groep follows other major Financial sector earnings this month
ING Groep's report follows an earnings beat by Flow Traders NV on Thursday, October 22, 2020, who reported EPS of €0.64 on revenue of €78.3M (NYSE:MMM), compared to forecasts EPS of €0.58 on revenue of €90.12M.
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