Investing.com - SCOR reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
SCOR announced earnings per share of €0.64 on revenue of €4.55B. Analysts polled by Investing.com anticipated EPS of €0.5386 on revenue of €3.92B.
SCOR shares are up 12.92% from the beginning of the year, still down 7.12% from its 52 week high of €31.73 set on February 9. They are outperforming the STOXX 600 which is down 10.33% from the start of the year.
SCOR shares gained 1.52% in intra-day trade following the report.
SCOR follows other major Financial sector earnings this month
SCOR's report follows an earnings missed by BNP Paribas on February 8, who reported EPS of €1.62 on revenue of €11.23B, compared to forecasts EPS of €1.63 on revenue of €11.36B.
Societe Generale had beat expectations on February 10 with fourth quarter EPS of €1.46 on revenue of €6.62B, compared to forecast for EPS of €1.05 on revenue of €6.16B.
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