Investing.com - Abrdn reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Abrdn announced earnings per share of £-0.13 on revenue of £731.0M. Analysts polled by Investing.com anticipated EPS of £6.20 on revenue of £753.00M.
Abrdn shares are down 33% from the beginning of the year and are trading at £161.15 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 10.62% from the start of the year.
Abrdn follows other major Financial sector earnings this month
Abrdn's report follows an earnings beat by HSBC on August 1, who reported EPS of £0.228 on revenue of £10.7B, compared to forecasts EPS of £0.1439 on revenue of £10.39B.
State Bank India had missed expectations on Saturday with second quarter EPS of £0.8538 on revenue of £4.21B, compared to forecast for EPS of £1.1 on revenue of £5.04B.
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