Investing.com - Mapfre reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mapfre announced earnings per share of €0.06 on revenue of €3.77B. Analysts polled by Investing.com anticipated EPS of €0.05 on revenue of €3.58B.
Mapfre shares are down 45% from the beginning of the year, still down 50.55% from its 52 week high of €2.62 set on December 13, 2019. They are under-performing the IBEX 35 which is down 32.43% from the start of the year.
Mapfre follows other major Financial sector earnings this month
Mapfre's report follows an earnings beat by Santander on Monday, who reported EPS of €0.11 on revenue of €11.09B, compared to forecasts EPS of €0.06 on revenue of €10.62B.
Caixabank had beat expectations on Friday with third quarter EPS of €0.09 on revenue of €2.65B, compared to forecast for EPS of €0.06 on revenue of €2.08B.
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