Investing.com - Grupo Aval reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Grupo Aval announced earnings per share of $0.1699 on revenue of $1.21B. Analysts polled by Investing.com anticipated EPS of $0.11 on revenue of $1.38B.
Grupo Aval shares are down 7% from the beginning of the year, still down 42.49% from its 52 week high of $8.92 set on January 15. They are under-performing the Nasdaq which is up 32% from the start of the year.
Grupo Aval follows other major sector earnings this month
Grupo Aval's report follows an earnings beat by Tencent ADR on November 12, who reported EPS of $3.31 on revenue of $125.4B, compared to forecasts EPS of $0.47 on revenue of $18.26B.
Industrial Commercial Bank of China had beat expectations on October 30 with third quarter EPS of $0.6567 on revenue of $29.54B, compared to forecast for EPS of $0.49 on revenue of $28.59B.
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