Investing.com - Assicurazioni Generali (BIT:GASI) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Assicurazioni Generali announced earnings per share of €0.46 on revenue of €22.32B. Analysts polled by Investing.com anticipated EPS of €0.5407 on revenue of €19.78B.
Assicurazioni Generali shares are down 2% from the beginning of the year, still down 15.41% from its 52 week high of €21.55 set on April 1. They are outperforming the STOXX 600 which is down 11.92% from the start of the year.
Assicurazioni Generali shares gained 1.28% in intra-day trade following the report.
Assicurazioni Generali follows other major Financial sector earnings this month
Assicurazioni Generali's report follows an earnings beat by Intesa Sanpaolo on May 6, who reported EPS of €0.05 on revenue of €5.41B, compared to forecasts EPS of €0.0401 on revenue of €4.92B.
UniCredit had beat expectations on May 5 with first quarter EPS of €0.19 on revenue of €5.02B, compared to forecast for EPS of €0.1649 on revenue of €5.02B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar