Investing.com - KB Financial reported on Friday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
KB Financial announced earnings per share of 3.02 on revenue of 3.01B. Analysts polled by Investing.com anticipated EPS of 2.66 on revenue of 3.12B.
KB Financial shares are up 43% from the beginning of the year, still down 13.09% from its 52 week high of 55.31 set on February 11. They are outperforming the BIST 100 which is up 33.1% from the start of the year.
KB Financial follows other major Financial sector earnings this month
KB Financial's report follows an earnings missed by JPMorgan on April 13, who reported EPS of 2.63 on revenue of 30.72B, compared to forecasts EPS of 2.7 on revenue of 30.66B.
Bank of America had beat expectations on Monday with first quarter EPS of 0.8 on revenue of 23.23B, compared to forecast for EPS of 0.7495 on revenue of 23.13B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar