Investing.com - Assicurazioni Generali (BIT:GASI) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Assicurazioni Generali announced earnings per share of €0.89 on revenue of €41.88B. Analysts polled by Investing.com anticipated EPS of €0.5288 on revenue of €19.15B.
Assicurazioni Generali shares are down 21% from the beginning of the year, still down 32.55% from its 52 week high of €21.55 set on April 1. They are under-performing the STOXX 600 which is down 11.03% from the start of the year.
Assicurazioni Generali shares lost 2.35% 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 Friday, who reported EPS of €0.069 on revenue of €5.35B, compared to forecasts EPS of €0.0531 on revenue of €5.06B.
UniCredit had beat expectations on July 26 with second quarter EPS of €0.84 on revenue of €4.8B, compared to forecast for EPS of €0.3767 on revenue of €4.5B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar