Investing.com - Banca Mediolanum reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Banca Mediolanum announced earnings per share of €0.18 on revenue of €487.1M. Analysts polled by Investing.com anticipated EPS of €0.1539 on revenue of €298.32M.
Banca Mediolanum shares are down 12.32% from the beginning of the year and are trading at €8.076 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 9.42% from the start of the year.
Banca Mediolanum follows other major Financial sector earnings this month
Banca Mediolanum's report follows an earnings matched by Intesa Sanpaolo on May 6, who reported EPS of €0.055 on revenue of €5.61B, compared to forecasts EPS of €0.055 on revenue of €5.18B.
UniCredit had beat expectations on May 6 with first quarter EPS of €0.4 on revenue of €4.69B, compared to forecast for EPS of €0.24 on revenue of €4.32B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar