Investing.com - Banco Macro B ADR reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Banco Macro B ADR announced earnings per share of 1.04 on revenue of 292.49M. Analysts polled by Investing.com anticipated EPS of 1.31 on revenue of 292.49M.
Banco Macro B ADR shares are up 9.27% from the beginning of the year, still down 27.74% 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 RBC on Thursday, who reported EPS of 2.84 on revenue of 13.07B, compared to forecasts EPS of 2.73 on revenue of 11.73B.
Commerzbank AG PK had beat expectations on February 16 with fourth quarter EPS of 0.126 on revenue of 2.39B, compared to forecast for EPS of 0.1107 on revenue of 2.12B.
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