Investing.com - Banco Macro B ADR reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Banco Macro B ADR announced earnings per share of 0.6329 on revenue of 306.06M. Analysts polled by Investing.com anticipated EPS of 0.8283 on revenue of 308.24M.
Banco Macro B ADR shares are down 1.43% from the beginning of the year, still down 34.81% from its 52 week high of 21.20 set on September 13, 2021. They are under-performing 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 August 6, who reported EPS of 6302.97 on revenue of 76.18B, compared to forecasts EPS of 4741.64 on revenue of 73.54B.
RBC had missed expectations on Wednesday with third quarter EPS of 2.51 on revenue of 11.43B, compared to forecast for EPS of 2.67 on revenue of 11.81B.
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