Generali earnings miss, Revenue beats in Q2

  • Investing.com
Generali earnings miss, Revenue beats in Q2

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

Generali announced earnings per share of €0.12 on revenue of €34.46B. Analysts polled by Investing.com anticipated EPS of €0.44 on revenue of €18.02B.

Generali shares are down 30% from the beginning of the year and are trading at €12.8100 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 13.54% year to date.

Generali follows other major Financial sector earnings this month

Generali's report follows an earnings beat by UniCredit on Wednesday, May 6, 2020, who reported EPS of €-0.05 on revenue of €4.38B, compared to forecasts EPS of €-0.06 on revenue of €4.38B.

Banca Mediolanum had missed expectations on Tuesday with second quarter EPS of €0.1 on revenue of €401.85M, compared to forecast for EPS of €0.12 on revenue of €382.7M.

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