Investing.com - Mapfre reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Mapfre announced earnings per share of €0.08 on revenue of €4.65B. Analysts polled by Investing.com anticipated EPS of €0.0766 on revenue of €4.95B.
Mapfre shares are up 10% from the beginning of the year and are trading at €1.986 , down-from-52-week-high.They are outperforming the IBEX 35 which is up 1.98% from the start of the year.
Mapfre follows other major Financial sector earnings this month
Mapfre's report follows an earnings missed by Santander on February 2, who reported EPS of €0.124 on revenue of €11.78B, compared to forecasts EPS of €0.13 on revenue of €11.61B.
BBVA had beat expectations on February 3 with fourth quarter EPS of €0.19 on revenue of €5.48B, compared to forecast for EPS of €0.1791 on revenue of €5.07B.
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