Investing.com - Banco Santander (MC:SAN) Brasil ADR reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Banco Santander Brasil ADR announced earnings per share of R$0.18 on revenue of R$2.86B. Analysts polled by Investing.com anticipated EPS of R$0.14 on revenue of R$3.2B.
Banco Santander Brasil ADR shares are down 53.42% from the beginning of the year, still down 55.44% from its 52 week high of R$12.68 set on January 2. They are under-performing the EUR/USD which is down 0% from the start of the year.
Banco Santander Brasil ADR follows other major Financial sector earnings this month
Banco Santander Brasil ADR's report follows an earnings missed by Mastercard on Wednesday, who reported EPS of R$1.6 on revenue of R$3.84B, compared to forecasts EPS of R$1.66 on revenue of R$3.96B.
UnitedHealth had beat expectations on October 14 with third quarter EPS of R$3.51 on revenue of R$65.12B, compared to forecast for EPS of R$3.11 on revenue of R$63.79B.
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