Investing.com - Generali (MI:GASI) reported on Friday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Generali announced earnings per share of €0.07 on revenue of €19.16B. Analysts polled by Investing.com anticipated EPS of €0.26 on revenue of €17.67B. That with comparison to EPS of €0.39 on revenue of €18.87B in the same period a year before.Generali had reported EPS of €0.35 on revenue of €12.85B in the previous quarter.Analysts are expecting EPS of €0.44 and revenue of €17.36B in the upcoming quarter.
Generali shares are down 34% from the beginning of the year and are trading at €12.0400 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 18.79% year to date.
Generali shares gained 1.22% in intra-day trade the report.
Generali follows other major Financial sector earnings this month
Generali's report follows an earnings matched by Intesa Sanpaolo on May 4, who reported EPS of €0.05 on revenue of €4.88B, compared to forecasts EPS of €0.05 on revenue of €4.17B.
UniCredit had missed expectations on May 6 with first quarter EPS of €-0.06 on revenue of €4.38B, compared to forecast for EPS of €0.03 on revenue of €4.38B.
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