Investing.com - Raiffeisen Bank reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Raiffeisen Bank announced earnings per share of €0.49 on revenue of €2.00B. Analysts polled by Investing.com anticipated EPS of €0.47 on revenue of €1.25B. That with comparison to EPS of €0.64 on revenue of €1.18B in the same period a year before.Raiffeisen Bank had reported EPS of €1.03 on revenue of €1.64B in the previous quarter.Analysts are expecting EPS of €0.51 and revenue of €1.34B in the upcoming quarter.
Raiffeisen Bank shares are down 32% from the beginning of the year and are trading at €15.085 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 21.56% year to date.
Raiffeisen Bank follows other major Financial sector earnings this month
Raiffeisen Bank's report follows an earnings beat by Erste Group Bank AG on April 30, who reported EPS of €0.57 on revenue of €1.66B, compared to forecasts EPS of €0.49 on revenue of €1.6B.
BAWAG had missed expectations on April 27 with first quarter EPS of €0.69 on revenue of €291.8M, compared to forecast for EPS of €0.79 on revenue of €286.19M.
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