Investing.com - Zions reported on Monday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Zions announced earnings per share of $0.12 on revenue of $706M. Analysts polled by Investing.com anticipated EPS of $0.61 on revenue of $681.56M. That with comparison to EPS of $1.04 on revenue of $713M in the same period a year before.Zions had reported EPS of $0.97 on revenue of $711M in the previous quarter.Analysts are expecting EPS of $0.64 and revenue of $663.17M in the upcoming quarter.
Zions shares are down 43% from the beginning of the year and are trading at $27.01 , down-from-52-week-high.They are under-performing the Nasdaq which is down 5.3% year to date.
Zions shares lost 7.63% in after-hours trade the report.
Zions follows other major Financial sector earnings this month
Zions's report follows an earnings missed by JPMorgan on April 14, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $1.87 on revenue of $29.54B.
UnitedHealth had beat expectations on Wednesday with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.16B.
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