Investing.com - Societe Generale (OTC:SCGLY) reported on Monday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Societe Generale announced earnings per share of €-0.57 on revenue of €22.44B. Analysts polled by Investing.com anticipated EPS of €-0.01 on revenue of €5.48B.
Societe Generale shares are down 15% from the beginning of the year , still down 59.98% from its 52 week high of €32.23 set on January 9. They are under-performing the AEX which is down 7.75% from the start of the year.
Societe Generale follows other major Financial sector earnings this month
Societe Generale's report follows an earnings beat by BNP Paribas on Friday, who reported EPS of €1.8 on revenue of €11.68B, compared to forecasts EPS of €1.23 on revenue of €10.9B.
Worldline SA had missed expectations on July 23 with second quarter EPS of €0.62 on revenue of €514.5M, compared to forecast for EPS of €0.99 on revenue of €593M.
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