Investing.com - UniCredit reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
UniCredit announced earnings per share of €0.13 on revenue of €4.1B. Analysts polled by Investing.com anticipated EPS of €0.08 on revenue of €4.1B.
UniCredit shares are down 40% from the beginning of the year and are trading at €7.7290 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 12.61% from the start of the year.
UniCredit follows other major Financial sector earnings this month
UniCredit's report follows an earnings missed by Intesa Sanpaolo on Wednesday, who reported EPS of €0.01 on revenue of €4.14B, compared to forecasts EPS of €0.04 on revenue of €4.13B.
Generali had missed expectations on July 29 with second quarter EPS of €0.47 on revenue of €17.32B, compared to forecast for EPS of €0.5 on revenue of €16.44B.
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