Investing.com - ING ADR reported on Friday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
ING ADR announced earnings per share of €0.1158 on revenue of €4.84B. Analysts polled by Investing.com anticipated EPS of €0.1399 on revenue of €5B.
ING ADR shares are up 9% from the beginning of the year, still down 40.08% from its 52 week high of €15.97 set on February 8. They are outperforming the STOXX 600 which is down 11.06% from the start of the year.
ING ADR follows other major Financial sector earnings this month
ING ADR's report follows an earnings beat by Berkshire Hathaway A on Monday, who reported EPS of €4774.01 on revenue of €70.81B, compared to forecasts EPS of €4,309.9 on revenue of €70.19B.
JPMorgan had missed expectations on April 13 with first quarter EPS of €2.63 on revenue of €30.72B, compared to forecast for EPS of €2.7 on revenue of €30.66B.
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