Investing.com - Banco Macro B ADR reported on Monday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Banco Macro B ADR announced earnings per share of 0.8153 on revenue of 281.74M. Analysts polled by Investing.com anticipated EPS of 0.7989 on revenue of 285.64M.
Banco Macro B ADR shares are up 15.05% from the beginning of the year, still down 23.92% from its 52 week high of 21.20 set on September 13, 2021. They are outperforming the EUR/USD which is down 0% from the start of the year.
Banco Macro B ADR follows other major Financial sector earnings this month
Banco Macro B ADR's report follows an earnings beat by Berkshire Hathaway A on May 2, who reported EPS of 4774.01 on revenue of 70.81B, compared to forecasts EPS of 4277.66 on revenue of 70.32B.
China Construction Bank Corp had missed expectations on April 29 with first quarter EPS of 1.06 on revenue of 30.4B, compared to forecast for EPS of 1.07 on revenue of 32.33B.
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