Investing.com - SCOR reported on Friday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
SCOR announced earnings per share of €-0.44 on revenue of €4.72B. Analysts polled by Investing.com anticipated EPS of €0.1593 on revenue of €4.13B.
SCOR shares are down 3% from the beginning of the year, still down 16.45% from its 52 week high of €31.73 set on February 9. They are outperforming the STOXX 600 which is down 11.04% from the start of the year.
SCOR shares gained 1.69% in intra-day trade following the report.
SCOR follows other major Financial sector earnings this month
SCOR's report follows an earnings beat by BNP Paribas on Tuesday, who reported EPS of €1.61 on revenue of €12.58B, compared to forecasts EPS of €1.12 on revenue of €11.61B.
Amundi had missed expectations on April 29 with first quarter EPS of €1.34 on revenue of €835M, compared to forecast for EPS of €1.47 on revenue of €813.25M.
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