Investing.com - RSA Insurance reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
RSA Insurance announced earnings per share of £0.17 on revenue of £3.17B. Analysts polled by Investing.com anticipated EPS of £18.00 on revenue of £3,242M.
RSA Insurance shares are up 21.43% from the beginning of the year and are trading at £675.40 , down-from-52-week-high.They are outperforming the FTSE 100 which is up 0.35% from the start of the year.
RSA Insurance follows other major Financial sector earnings this month
RSA Insurance's report follows an earnings beat by HSBC on Tuesday, who reported EPS of £0.0213 on revenue of £8.38B, compared to forecasts EPS of £0.0105 on revenue of £8.33B.
Barclays had beat expectations on February 18 with fourth quarter EPS of £0.013 on revenue of £4.94B, compared to forecast for EPS of £-0.0054 on revenue of £4.58B.
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