Investing.com - Grupo Aval reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Grupo Aval announced earnings per share of $0.1446 on revenue of $1.45B. Analysts polled by Investing.com anticipated EPS of $0.1248 on revenue of $1.47B.
Grupo Aval shares are up 53.14% from the beginning of the year and are trading at $5.180 , down-from-52-week-high.They are outperforming the Nikkei 225 which is up 2.08% from the start of the year.
Grupo Aval follows other major Financial sector earnings this month
Grupo Aval's report follows an earnings beat by Allianz ADR on August 6, who reported EPS of $0.6139 on revenue of $40.34B, compared to forecasts EPS of $0.4861 on revenue of $26.01B.
Hong Kong Exchange & Clearing had missed expectations on Wednesday with second quarter EPS of $0.2816 on revenue of $629.25M, compared to forecast for EPS of $0.3393 on revenue of $662.36M.
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