Investing.com - Lloyds Banking (LON:LLOY) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Lloyds Banking announced earnings per share of £0.01 on revenue of £3.95B. Analysts polled by Investing.com anticipated EPS of £0 on revenue of £4.29B. That with comparison to EPS of £0.01 on revenue of £4.42B in the same period a year before.Lloyds Banking had reported EPS of £0.02 on revenue of £4.37B in the previous quarter.Analysts are expecting EPS of £0.01 and revenue of £4.23B in the upcoming quarter.
Lloyds Banking shares are down 48.42% from the beginning of the year and are trading at £32.24 , down-from-52-week-high.They are under-performing the FTSE 100 which is down 21.76% year to date.
Lloyds Banking follows other major Financial sector earnings this month
Lloyds Banking's report follows an earnings missed by HSBC on Tuesday, who reported EPS of £0.07 on revenue of £10.72B, compared to forecasts EPS of £0.1 on revenue of £10.51B.
Barclays had matched expectations on Wednesday with first quarter EPS of £0.04 on revenue of £6.28B, compared to forecast for EPS of £0.04 on revenue of £5.37B.
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