Investing.com - Mediobanca (OTC:MDIBY) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mediobanca announced earnings per share of €0.19 on revenue of €662.8M. Analysts polled by Investing.com anticipated EPS of €0.17 on revenue of €626.5M.
Mediobanca shares are up 28% from the beginning of the year, still down 2.28% from its 52 week high of €9.90 set on March 18. They are outperforming the STOXX 600 which is up 9.42% from the start of the year.
Mediobanca follows other major Financial sector earnings this month
Mediobanca's report follows an earnings matched by Intesa Sanpaolo on Thursday, who reported EPS of €0.055 on revenue of €5.61B, compared to forecasts EPS of €0.055 on revenue of €5.18B.
UniCredit had beat expectations on Thursday with first quarter EPS of €0.4 on revenue of €4.69B, compared to forecast for EPS of €0.24 on revenue of €4.32B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar