Investing.com - Mediobanca reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Mediobanca announced earnings per share of €0.2039 on revenue of €687.7M. Analysts polled by Investing.com anticipated EPS of €0.2241 on revenue of €674.75M.
Mediobanca shares are down 2% from the beginning of the year and are trading at €9.850 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 12.73% from the start of the year.
Mediobanca shares gained 0.74% in intra-day trade following the report.
Mediobanca follows other major Financial sector earnings this month
Mediobanca's report follows an earnings beat by Intesa Sanpaolo on Friday, who reported EPS of €0.05 on revenue of €5.41B, compared to forecasts EPS of €0.0401 on revenue of €4.92B.
UniCredit had beat expectations on Thursday, May 5, 2022 with first quarter EPS of €0.19 on revenue of €5.02B, compared to forecast for EPS of €0.1649 on revenue of €4.42B.
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