Investing.com - Banco Macro B ADR reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Banco Macro B ADR announced earnings per share of 0.9581 on revenue of 307.97M. Analysts polled by Investing.com anticipated EPS of 0.8118 on revenue of 328.88M.
Banco Macro B ADR shares are up 32% from the beginning of the year and are trading at 15.67 , down-from-52-week-high.They are outperforming the WIG30 which is up 14.7% 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 Berkshire Hathaway A on May 1, who reported EPS of 4571.96 on revenue of 67.48B, compared to forecasts EPS of 3792.36 on revenue of 63.54B.
Mastercard had beat expectations on April 29 with first quarter EPS of 1.74 on revenue of 4.16B, compared to forecast for EPS of 1.58 on revenue of 4B.
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