Investing.com - Standard Chartered (OTC:SCBFF) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Standard Chartered announced earnings per share of $-0.057 on revenue of $3.33B. Analysts polled by Investing.com anticipated EPS of $0.0982 on revenue of $3.48B.
Standard Chartered shares are up 22.35% from the beginning of the year, still down 4.36% from its 52 week high of $573.60 set on February 8. They are outperforming the FTSE 100 which is up 2.97% from the start of the year.
Standard Chartered shares lost 100.00% in pre-market trade following the report.
Standard Chartered follows other major Financial sector earnings this month
Standard Chartered's report follows an earnings matched by State Bank India on February 5, who reported EPS of $1.27 on revenue of $5.27B, compared to forecasts EPS of $1.27 on revenue of $5.27B.
Ashmore had missed expectations on February 10 with second quarter EPS of $0.13 on revenue of $139.7M, compared to forecast for EPS of $14.02 on revenue of $146.26M.
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