Investing.com - Schroders (LON:SDR) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Schroders announced earnings per share of £1.08 on revenue of £1.42B. Analysts polled by Investing.com anticipated EPS of £103.14 on revenue of £1,148M.
Schroders shares are up 26% from the beginning of the year, still down 0.46% from its 52 week high of £3,710.00 set on July 29. They are outperforming the TR UK 50 which is up 8.06% from the start of the year.
Schroders follows other major Financial sector earnings this month
Schroders's report follows an earnings beat by Sberbank on Thursday, who reported EPS of £0.764 on revenue of £8.63B, compared to forecasts EPS of £0.6291 on revenue of £8.37B.
Lloyds Banking had beat expectations on Thursday with second quarter EPS of £0.0281 on revenue of £3.9B, compared to forecast for EPS of £0.0252 on revenue of £3.88B.
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