Investing.com - B. Sabadell reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
B. Sabadell announced earnings per share of €0.02 on revenue of €1.65B. Analysts polled by Investing.com anticipated EPS of €0.01 on revenue of €1.26B. That with comparison to EPS of €0.04 on revenue of €1.24B in the same period a year before.B. Sabadell had reported EPS of €-0.02 on revenue of €1.28B in the previous quarter.Analysts are expecting EPS of €0.02 and revenue of €1.18B in the upcoming quarter.
B. Sabadell shares are down 42% from the beginning of the year and are trading at €0.377 , down-from-52-week-high.They are under-performing the IBEX 35 which is down 28.19% year to date.
B. Sabadell follows other major Financial sector earnings this month
B. Sabadell's report follows an earnings missed by Santander on Tuesday, who reported EPS of €0.02 on revenue of €11.81B, compared to forecasts EPS of €0.06 on revenue of €11.85B.
Bankinter had beat expectations on April 23 with first quarter EPS of €0.14 on revenue of €436M, compared to forecast for EPS of €0.11 on revenue of €531.81M.
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