Investing.com - Mapfre reported on Friday third quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Mapfre announced earnings per share of €0.0384 on revenue of €3.94B. Analysts polled by Investing.com anticipated EPS of €0.0384 on revenue of €4.55B.
Mapfre shares are down 20% from the beginning of the year and are trading at €1.831 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 19.17% from the start of the year.
Mapfre follows other major Financial sector earnings this month
Mapfre's report follows an earnings missed by Santander on Wednesday, who reported EPS of €0.117 on revenue of €11.93B, compared to forecasts EPS of €0.1191 on revenue of €11.6B.
BBVA had beat expectations on Friday with third quarter EPS of €0.2 on revenue of €4.96B, compared to forecast for EPS of €0.1827 on revenue of €5.07B.
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