Investing.com - Societe Generale (EPA:SOGN) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Societe Generale announced earnings per share of €-1.1 on revenue of €4.44B. Analysts polled by Investing.com anticipated EPS of €1.34 on revenue of €6.48B.
Societe Generale shares are down 28% from the beginning of the year and are trading at €21.64 , down-from-52-week-high.They are under-performing the S&P Global 100 which is down 11.34% from the start of the year.
Societe Generale shares lost 100.00% in pre-market trade after the report.
Societe Generale follows other major Financial sector earnings this month
Societe Generale's report follows an earnings beat by BNP Paribas on Friday, who reported EPS of €2.51 on revenue of €12.78B, compared to forecasts EPS of €2.23 on revenue of €12.38B.
Amundi had missed expectations on Friday with second quarter EPS of €1.32 on revenue of €754M, compared to forecast for EPS of €1.37 on revenue of €765.11M.
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