Investing.com - KBC Groep reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
KBC Groep announced earnings per share of €1.91 on revenue of €4.30B. Analysts polled by Investing.com anticipated EPS of €1.51 on revenue of €2.06B.
KBC Groep shares are up 10% from the beginning of the year, still down 38.77% from its 52 week high of €86.50 set on November 12, 2021. They are outperforming the AEX which is down 9.04% from the start of the year.
KBC Groep shares lost 100.00% in pre-market trade following the report.
KBC Groep follows other major Financial sector earnings this month
KBC Groep's report follows an earnings beat by Ageas on Monday, who reported EPS of €1.15 on revenue of €2.17B, compared to forecasts EPS of €1.12 on revenue of €2.15B.
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