Investing.com - Abrdn reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Abrdn announced earnings per share of £0.41 on revenue of £669.0M. Analysts polled by Investing.com anticipated EPS of £6.59 on revenue of £755.49M.
Abrdn shares are down 18% from the beginning of the year, still down 40.37% from its 52 week high of £328.30 set on March 3, 2021. They are under-performing the FTSE 100 which is down 0.74% from the start of the year.
Abrdn follows other major Financial sector earnings this month
Abrdn's report follows an earnings missed by HSBC on February 22, who reported EPS of £0.0883 on revenue of £8.89B, compared to forecasts EPS of £0.1 on revenue of £8.85B.
State Bank India had missed expectations on February 5 with fourth quarter EPS of £1.26 on revenue of £5.27B, compared to forecast for EPS of £1.27 on revenue of £5.27B.
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