Investing.com - Banca Mediolanum reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Banca Mediolanum announced earnings per share of €0.09 on revenue of €396M. Analysts polled by Investing.com anticipated EPS of €0.11 on revenue of €398M. That with comparison to EPS of €0.1 on revenue of €395M in the same period a year before. Banca Mediolanum had reported EPS of €0.38 on revenue of €863M in the previous quarter.
Banca Mediolanum shares are down 40% from the beginning of the year , still down 43.50% from its 52 week high of €9.38 set on December 6, 2019. They are under-performing the FTSE MIB which is down 26.95% year to date.
Banca Mediolanum follows other major Financial sector earnings this month
Banca Mediolanum's report follows an earnings missed by Intesa Sanpaolo on Monday, who reported EPS of €0.05 on revenue of €4.88B, compared to forecasts EPS of €0.06 on revenue of €4.17B.
UniCredit had missed expectations on Wednesday with first quarter EPS of €0.03 on revenue of €4.38B, compared to forecast for EPS of €0.41 on revenue of €4.39B.
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