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Banco de Sabadell Earnings Beat, Revenue Misses In Q1

Published 04/28/2022, 10:00 AM

Investing.com - Banco de Sabadell reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Banco de Sabadell announced earnings per share of €0.1 on revenue of €1.22B. Analysts polled by Investing.com anticipated EPS of €0.0344 on revenue of €1.23B.

Banco de Sabadell shares are up 19% from the beginning of the year, still down 25.69% from its 52 week high of €0.95 set on February 10. They are outperforming the IBEX 35 which is down 3.14% from the start of the year.

Banco de Sabadell shares lost 1.00% in intra-day trade following the report.

Banco de Sabadell follows other major Financial sector earnings this month

Banco de Sabadell's report follows an earnings beat by Santander on Tuesday, who reported EPS of €0.141 on revenue of €12.31B, compared to forecasts EPS of €0.125 on revenue of €12.1B.

Bankinter had beat expectations on April 22 with first quarter EPS of €0.17 on revenue of €499M, compared to forecast for EPS of €0.1332 on revenue of €479.77M.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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