Investing.com - Banco Macro B ADR reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Banco Macro B ADR announced earnings per share of 1.19 on revenue of 293.74M. Analysts polled by Investing.com anticipated EPS of 1.09 on revenue of 312.48M.
Banco Macro B ADR shares are up 11% from the beginning of the year and are trading at 13.91 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 5.9% from the start of the year.
Banco Macro B ADR follows other major Financial sector earnings this month
Banco Macro B ADR's report follows an earnings beat by Magnolia Oil on February 22, who reported EPS of 0.15 on revenue of 149.24M, compared to forecasts EPS of 0.1034 on revenue of 143.33M.
Berkshire Hathaway had missed expectations on February 27 with fourth quarter EPS of 3223.13 on revenue of 64.38B, compared to forecast for EPS of 3422.33 on revenue of 64.72B.
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