Investing.com - Credit Agricole (PA:CAGR) reported on Friday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Credit Agricole announced earnings per share of €0.151 on revenue of €5B. Analysts polled by Investing.com anticipated EPS of €0.2002 on revenue of €5.21B.
Credit Agricole shares are up 24% from the beginning of the year and are trading at €12.87 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 11.5% from the start of the year.
Credit Agricole follows other major Financial sector earnings this month
Credit Agricole's report follows an earnings beat by BNP Paribas on April 30, who reported EPS of €1.12 on revenue of €11.83B, compared to forecasts EPS of €0.991 on revenue of €11.23B.
Societe Generale had beat expectations on Thursday with first quarter EPS of €0.83 on revenue of €6.25B, compared to forecast for EPS of €0.1574 on revenue of €5.92B.
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