Generali earnings miss, Revenue beats in Q1

  • Investing.com
Generali earnings miss, Revenue beats in Q1

Investing.com - Generali (MI: GASI ) reported on Friday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Generali announced earnings per share of €0.07 on revenue of €19.16B. Analysts polled by Investing.com anticipated EPS of €0.26 on revenue of €17.67B. That with comparison to EPS of €0.39 on revenue of €18.87B in the same period a year before.Generali had reported EPS of €0.35 on revenue of €12.85B in the previous quarter.Analysts are expecting EPS of €0.44 and revenue of €17.36B in the upcoming quarter.

Generali shares are down 34% from the beginning of the year and are trading at €12.0400 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 18.79% year to date.

Generali shares gained 1.22% in intra-day trade the report.

Generali follows other major Financial sector earnings this month

Generali's report follows an earnings matched by Intesa Sanpaolo on Monday, May 4, 2020, who reported EPS of €0.05 on revenue of €4.88B, compared to forecasts EPS of €0.05 on revenue of €4.17B.

UniCredit had missed expectations on Wednesday, May 6, 2020 with first quarter EPS of €-0.06 on revenue of €4.38B, compared to forecast for EPS of €0.03 on revenue of €4.38B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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