Investing.com - Lloyds Banking (LON:LLOY) reported second quarter earnings that matched analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of £0.02 on revenue of £4.5B. Analysts polled by Investing.com expected EPS of £0.02 on revenue of £4.61B. That compared to EPS of £0.02 on revenue of £4.89B in the same period a year earlier. The company had reported EPS of £0.01 on revenue of £4.42B in the previous quarter.
Lloyds Banking shares lost 4.41% to trade at £53.00 in intra-day trade following the report.
For the year, Lloyds Banking shares are up 2.22%, under-performing the TR UK 50 which is up 12.7% year to date.
Lloyds Banking follows other major Financial sector earnings this month
On July 23, IG Group reported fourth quarter EPS of £0.43 on revenue of £115M, compared to forecasts of EPS of £19.80 on revenue of £115M.
Provident Financial earnings missed analyst's expectations on Tuesday, with second quarter EPS of £0.08 on revenue of £523.9M. Investing.com analysts expected EPS of £22.70 on revenue of £551.20M
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