Investing.com - HSBC ADR reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
HSBC ADR announced earnings per share of $0.95 on revenue of $13.27B. Analysts polled by Investing.com anticipated EPS of $0.52 on revenue of $12.79B.
HSBC ADR shares are up 14% from the beginning of the year, still down 3.42% from its 52 week high of $31.58 set on March 8. They are outperforming the S&P 500 which is up 11.37% from the start of the year.
HSBC ADR shares gained 3.97% in intra-day trade following the report.
HSBC ADR follows other major Financial sector earnings this month
HSBC ADR's report follows an earnings beat by JPMorgan on April 14, who reported EPS of $4.5 on revenue of $33.12B, compared to forecasts EPS of $3.1 on revenue of $30.49B.
UnitedHealth had beat expectations on April 15 with first quarter EPS of $5.31 on revenue of $70.2B, compared to forecast for EPS of $4.39 on revenue of $69.07B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar