Investing.com - Raiffeisen Bank reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Raiffeisen Bank announced earnings per share of €0.3244 on revenue of €1.23B. Analysts polled by Investing.com anticipated EPS of €0.4661 on revenue of €1.24B.
Raiffeisen Bank shares are up 9% from the beginning of the year and are trading at €18.345 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 6.51% from the start of the year.
Raiffeisen Bank shares gained 1.49% in intra-day trade following the report.
Raiffeisen Bank follows other major Financial sector earnings this month
Raiffeisen Bank's report follows an earnings missed by Erste Group Bank AG on Friday, February 26, 2021, who reported EPS of €0.2649 on revenue of €1.87B, compared to forecasts EPS of €0.2899 on revenue of €1.8B.
Vienna Insurance AG had missed expectations on Tuesday, March 9, 2021 with first quarter EPS of €0.44 on revenue of €2.44B, compared to forecast for EPS of €0.45 on revenue of €2.52B.
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