Investing.com - Banco Bilbao ADR reported on Friday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Banco Bilbao ADR announced earnings per share of €0.16 on revenue of €4.11B. Analysts polled by Investing.com anticipated EPS of €0.13 on revenue of €6.52B.
Banco Bilbao ADR shares are down 50.72% from the beginning of the year and are trading at €2.79 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Banco Bilbao ADR shares gained 1.45% in pre-market trade the report.
Banco Bilbao ADR follows other major Financial sector earnings this month
Banco Bilbao ADR's report follows an earnings beat by JPMorgan on October 13, who reported EPS of €2.92 on revenue of €29.94B, compared to forecasts EPS of €2.23 on revenue of €28.22B.
Mastercard had missed expectations on Wednesday with third quarter EPS of €1.6 on revenue of €3.84B, compared to forecast for EPS of €1.66 on revenue of €3.96B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar