Investing.com - Assicurazioni Generali (MI:GASI) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Assicurazioni Generali announced earnings per share of €0.5075 on revenue of €16.63B. Analysts polled by Investing.com anticipated EPS of €0.4852 on revenue of €15.5B.
Assicurazioni Generali shares are up 16% from the beginning of the year, still down 7.06% from its 52 week high of €17.92 set on May 18. They are under-performing the STOXX 600 which is up 16.85% from the start of the year.
Assicurazioni Generali shares lost 1.16% 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 UniCredit on Friday, who reported EPS of €0.305 on revenue of €4.4B, compared to forecasts EPS of €0.28 on revenue of €4.26B.
Mediobanca had matched expectations on July 28 with fourth quarter EPS of €0.25 on revenue of €664.8M, compared to forecast for EPS of €0.25 on revenue of €646.4M.
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