Investing.com - Huntington Bancshares (NASDAQ:HBAN) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Huntington Bancshares announced earnings per share of $0.03 on revenue of $1.16B. Analysts polled by Investing.com anticipated EPS of $0.18 on revenue of $1.15B. That with comparison to EPS of $0.32 on revenue of $1.15B in the same period a year before. Huntington Bancshares had reported EPS of $0.28 on revenue of $1.16B in the previous quarter. Analysts are expecting EPS of $0.16 and revenue of $1.17B in the upcoming quarter.
Huntington Bancshares shares are down 46% from the beginning of the year , still down 48.56% from its 52 week high of $15.63 set on December 12, 2019. They are under-performing the S&P 500 which is down 13.73% year to date.
Huntington Bancshares follows other major Financial sector earnings this month
Huntington Bancshares's report follows an earnings missed by JPMorgan on April 14, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $1.87 on revenue of $29.54B.
UnitedHealth had beat expectations on April 15 with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.16B.
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