Investing.com - Schroders (LON:SDR) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Schroders announced earnings per share of £0.92 on revenue of £1.43B. Analysts polled by Investing.com anticipated EPS of £99.00 on revenue of £1,209M.
Schroders shares are up 41% from the beginning of the year and are trading at £2,900.0 , down-from-52-week-high.They are outperforming the TR UK 50 which is up 3.39% from the start of the year.
Schroders follows other major Financial sector earnings this month
Schroders's report follows an earnings beat by Lloyds Banking on Wednesday, who reported EPS of £0.0207 on revenue of £4.34B, compared to forecasts EPS of £0.0149 on revenue of £4.14B.
Barclays had missed expectations on Thursday with second quarter EPS of £0.064 on revenue of £6.71B, compared to forecast for EPS of £0.0785 on revenue of £6.04B.
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