Investing.com - Hannover Rueckversicherung SE reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Hannover Rueckversicherung SE announced earnings per share of €2.54 on revenue of €5.82B. Analysts polled by Investing.com anticipated EPS of €2.75 on revenue of €7.44B.
Hannover Rueckversicherung SE shares are up 18% from the beginning of the year, still down 7.67% from its 52 week high of €166.80 set on June 8, 2020. They are outperforming the STOXX 600 which is up 10.65% from the start of the year.
Hannover Rueckversicherung SE follows other major Financial sector earnings this month
Hannover Rueckversicherung SE's report follows an earnings beat by Deutsche Boerse on April 20, who reported EPS of €1.81 on revenue of €855.1M, compared to forecasts EPS of €1.62 on revenue of €845.57M.
Deutsche Bank AG had beat expectations on April 27 with first quarter EPS of €0.47 on revenue of €7.22B, compared to forecast for EPS of €0.3723 on revenue of €6.62B.
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