Investing.com - KBC Groep reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
KBC Groep announced earnings per share of €1.07 on revenue of €2.12B. Analysts polled by Investing.com anticipated EPS of €0.9628 on revenue of €1.96B.
KBC Groep shares are down 21% from the beginning of the year, still down 35.24% from its 52 week high of €86.50 set on November 12, 2021. They are under-performing the STOXX 600 which is down 14.29% from the start of the year.
KBC Groep shares gained 1.63% in intra-day trade following the report.
KBC Groep follows other major Financial sector earnings this month
KBC Groep's report follows an earnings missed by Ageas on Wednesday, who reported EPS of €1.14 on revenue of €2.13B, compared to forecasts EPS of €1.19 on revenue of €2.23B.
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