Investing.com - First Internet reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
First Internet announced earnings per share of $0.90 on revenue of $28.30. Analysts polled by Investing.com anticipated EPS of $1.13 on revenue of $32.87M.
First Internet shares are down 22% from the beginning of the year, still down 42.46% from its 52 week high of $53.56 set on January 20.
First Internet follows other major Financial sector earnings this month
First Internet's report follows an earnings beat by JPMorgan on Friday, who reported EPS of $3.12 on revenue of $32.7B, compared to forecasts EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on Monday with third quarter EPS of $0.81 on revenue of $24.5B, compared to forecast for EPS of $0.78 on revenue of $23.56B.
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