Investing.com - Legal & General reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Legal & General announced earnings per share of £0.17 on revenue of £3.42B. Analysts polled by Investing.com anticipated EPS of £15.01 on revenue of £31,366M.
Legal & General shares are up 22% from the beginning of the year and are trading at £271.50 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 17.34% from the start of the year.
Legal & General follows other major Financial sector earnings this month
Legal & General's report follows an earnings beat by Sberbank on July 29, who reported EPS of £0.764 on revenue of £8.54B, compared to forecasts EPS of £0.6989 on revenue of £8.09B.
HSBC had missed expectations on Monday with second quarter EPS of £0.1223 on revenue of £9.01B, compared to forecast for EPS of £0.1306 on revenue of £9.13B.
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