Investing.com - Credit Agricole (OTC:CRARY) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Credit Agricole announced earnings per share of €0.21 on revenue of €5.93B. Analysts polled by Investing.com anticipated EPS of €0.298 on revenue of €5.6B.
Credit Agricole shares are down 29% from the beginning of the year, still down 29.13% from its 52 week high of €14.27 set on February 10. They are under-performing the DAX which is down 13.33% from the start of the year.
Credit Agricole follows other major Financial sector earnings this month
Credit Agricole's report follows an earnings beat by BNP Paribas on Tuesday, who reported EPS of €1.61 on revenue of €12.58B, compared to forecasts EPS of €1.12 on revenue of €11.61B.
Societe Generale had beat expectations on Thursday with first quarter EPS of €0.9262 on revenue of €6.24B, compared to forecast for EPS of €0.2376 on revenue of €6.2B.
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