Investing.com - Banco Macro B ADR reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Banco Macro B ADR announced earnings per share of 0.7407 on revenue of 406.62M. Analysts polled by Investing.com anticipated EPS of 0.8752 on revenue of 329.2M.
Banco Macro B ADR shares are up 9.76% from the beginning of the year and are trading at 17.09 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% 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 August 7, who reported EPS of 4404.65 on revenue of 69.16B, compared to forecasts EPS of 3767.72 on revenue of 64.86B.
Mastercard had beat expectations on July 29 with second quarter EPS of 1.95 on revenue of 4.53B, compared to forecast for EPS of 1.74 on revenue of 4.37B.
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