Investing.com - Raiffeisen Bank reported on Friday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Raiffeisen Bank announced earnings per share of €0.59 on revenue of €1.26B. Analysts polled by Investing.com anticipated EPS of €0.49 on revenue of €1.27B.
Raiffeisen Bank shares are up 12% from the beginning of the year, still down 2.35% from its 52 week high of €19.16 set on March 31. They are outperforming the STOXX 600 which is up 11.45% from the start of the year.
Raiffeisen Bank shares gained 1.57% in intra-day trade following the report.
Raiffeisen Bank follows other major Financial sector earnings this month
Raiffeisen Bank's report follows an earnings beat by Erste Group Bank AG on April 30, who reported EPS of €0.83 on revenue of €1.83B, compared to forecasts EPS of €0.723 on revenue of €1.79B.
BAWAG had beat expectations on April 26 with first quarter EPS of €0.83 on revenue of €297.3M, compared to forecast for EPS of €0.7128 on revenue of €297.09M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar