Investing.com - BNP Paribas (OTC:BNPQY) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
BNP Paribas announced earnings per share of €4.04 on revenue of €12.78B. Analysts polled by Investing.com anticipated EPS of €2.18 on revenue of €12.43B.
BNP Paribas shares are down 26% from the beginning of the year, still down 34.33% from its 52 week high of €68.07 set on February 10. They are under-performing the STOXX 600 which is down 11.28% from the start of the year.
BNP Paribas shares lost 100.00% in pre-market trade following the report.
BNP Paribas follows other major Financial sector earnings this month
BNP Paribas's report follows an earnings beat by Euronext on Thursday, who reported EPS of €1.34 on revenue of €374.7M, compared to forecasts EPS of €1.3 on revenue of €371.87M.
SCOR had missed expectations on Thursday with second quarter EPS of €-0.9 on revenue of €4.97B, compared to forecast for EPS of €0.1924 on revenue of €4.25B.
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