Investing.com - Legal & General reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Legal & General announced earnings per share of £0.16 on revenue of £5.15B. Analysts polled by Investing.com anticipated EPS of £15.98 on revenue of £31,366M.
Legal & General shares are down 12% from the beginning of the year and are trading at £259.90 , down-from-52-week-high.They are under-performing the TR UK 50 which is down 0.23% from the start of the year.
Legal & General follows other major Financial sector earnings this month
Legal & General's report follows an earnings beat by HSBC on Tuesday, February 22, 2022, who reported EPS of £0.1052 on revenue of £8.89B, compared to forecasts EPS of £0.0883 on revenue of £8.85B.
London Stock Exchange had missed expectations on Thursday, March 3, 2022 with fourth quarter EPS of £0.63 on revenue of £1.76B, compared to forecast for EPS of £137.49 on revenue of £1.74B.
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