Investing.com - HSBC Holdings (LON:HSBA) PLC ADR reported on Monday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
HSBC Holdings PLC ADR announced earnings per share of $0.03 on revenue of $13.15B. Analysts polled by Investing.com anticipated EPS of $0.27 on revenue of $13.29B.
HSBC Holdings PLC ADR shares are down 3.42% from the beginning of the year and are trading at $25.96 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
HSBC Holdings PLC ADR follows other major sector earnings this month
HSBC Holdings PLC ADR's report follows an earnings beat by L’Oreal ADR on Thursday, who reported EPS of $3.82 on revenue of $6.92B, compared to forecasts EPS of $0.85 on revenue of $6.98B.
Iberdrola SA had missed expectations on July 22 with second quarter EPS of $0.42 on revenue of $8.16B, compared to forecast for EPS of $0.46 on revenue of $9.73B.
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