Investing.com - Grupo Aval reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Grupo Aval announced earnings per share of $0.14 on revenue of $1.57B. Analysts polled by Investing.com anticipated EPS of $0.1036 on revenue of $1.57B.
Grupo Aval shares are up 18% from the beginning of the year, still down 6.54% from its 52 week high of $7.03 set on December 18, 2020. They are outperforming the STOXX 600 which is up 5.74% from the start of the year.
Grupo Aval follows other major sector earnings this month
Grupo Aval's report follows an earnings beat by HSBC Holdings PLC ADR on February 23, who reported EPS of $0.09 on revenue of $11.82B, compared to forecasts EPS of $0.042 on revenue of $11.38B.
Iberdrola SA had matched expectations on February 24 with fourth quarter EPS of $1.58 on revenue of $10.88B, compared to forecast for EPS of $1.58 on revenue of $12.08B.
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