Investing.com - Sampo Oyj A reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Sampo Oyj A announced earnings per share of €0.26 on revenue of €2.88B. Analysts polled by Investing.com anticipated EPS of €0.45 on revenue of €1.26B. That with comparison to EPS of €0.64 on revenue of €1.19B in the same period a year before. Sampo Oyj A had reported EPS of €0.66 on revenue of €1.49B in the previous quarter. Analysts are expecting EPS of €0.66 and revenue of €1.29B in the upcoming quarter.
Sampo Oyj A shares are down 23% from the beginning of the year , still down 29.78% from its 52 week high of €42.55 set on July 8, 2019. They are under-performing the OMX Helsinki 25 which is down 14.73% year to date.
Sampo Oyj A follows other major Financial sector earnings this month
Sampo Oyj A's report follows an earnings beat by Nordea Bank on April 29, who reported EPS of €0.11 on revenue of €2B, compared to forecasts EPS of €0.09 on revenue of €2.03B.
Aktia Bank had missed expectations on Tuesday with first quarter EPS of €0.03 on revenue of €39.9M, compared to forecast for EPS of €0.09 on revenue of €54.3M (NYSE:MMM).
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