Investing.com - Intesa Sanpaolo (OTC:ISNPY) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Intesa Sanpaolo announced earnings per share of €0.045 on revenue of €5.09B. Analysts polled by Investing.com anticipated EPS of €0.04 on revenue of €4.92B.
Intesa Sanpaolo shares are up 30% from the beginning of the year, still down 3.49% from its 52 week high of €2.59 set on October 15. They are outperforming the STOXX 600 which is up 20.6% from the start of the year.
Intesa Sanpaolo shares lost 100.00% in pre-market trade following the report.
Intesa Sanpaolo follows other major Financial sector earnings this month
Intesa Sanpaolo's report follows an earnings beat by UniCredit on October 28, who reported EPS of €0.49 on revenue of €4.44B, compared to forecasts EPS of €0.365 on revenue of €4.26B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar