KBC earnings miss, Revenue beats in Q1

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

Investing.com - KBC reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.

KBC announced earnings per share of €-0.04 on revenue of €3.11B. Analysts polled by Investing.com anticipated EPS of €0.12 on revenue of €1.4B. That with comparison to EPS of €0.98 on revenue of €1.86B in the same period a year before.KBC had reported EPS of €1.66 on revenue of €2.04B in the previous quarter.Analysts are expecting EPS of €1.27 and revenue of €1.87B in the upcoming quarter.

KBC shares are down 39% from the beginning of the year and are trading at €40.80 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 21.56% year to date.

KBC follows other major Financial sector earnings this month

KBC's report follows an earnings beat by Ageas on Thursday, who reported EPS of €2.41 on revenue of €1.53B, compared to forecasts EPS of €1.72 on revenue of €1.56B.

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

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