Investing.com - Intesa Sanpaolo (OTC:ISNPY) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Intesa Sanpaolo announced earnings per share of €0.08 on revenue of €4.90B. Analysts polled by Investing.com anticipated EPS of €0.06 on revenue of €4.17B. That with comparison to EPS of €0.06 on revenue of €4.39B in the same period a year before. Intesa Sanpaolo had reported EPS of €0.04 on revenue of €4.57B in the previous quarter. Analysts are expecting EPS of €0.04 and revenue of €4.28B in the upcoming quarter.
Intesa Sanpaolo shares are down 47% from the beginning of the year , still down 44.88% from its 52 week high of €2.63 set on February 18. They are under-performing the STOXX 600 which is down 19.45% year to date.
Intesa Sanpaolo follows other major Financial sector earnings this month
Intesa Sanpaolo's report follows an earnings missed by UniCredit on February 6, who reported EPS of €0.1 on revenue of €4.85B, compared to forecasts EPS of €0.74 on revenue of €4.63B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar