Investing.com - Lloyds Banking (LON:LLOY) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lloyds Banking announced earnings per share of £0.0051 on revenue of £3.66B. Analysts polled by Investing.com anticipated EPS of £0.0133 on revenue of £3.69B.
Lloyds Banking shares are up 24.7% from the beginning of the year and are trading at £45.44 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 10.21% from the start of the year.
Lloyds Banking shares gained 4.28% in intra-day trade after the report.
Lloyds Banking follows other major Financial sector earnings this month
Lloyds Banking's report follows an earnings beat by HSBC on Tuesday, who reported EPS of £0.1365 on revenue of £9.54B, compared to forecasts EPS of £0.0753 on revenue of £9.27B.
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