BBVA (MC:BBVA) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
BBVA announced earnings per share of €0.09 on revenue of €6.48B. Analysts polled by anticipated EPS of €0.11 on revenue of €6.02B. That with comparison to EPS of €0.17 on revenue of €6.07B in the same period a year before. BBVA had reported EPS of €0.16 on revenue of €6.42B in the previous quarter. Analysts are expecting EPS of €0.17 and revenue of €6.21B in the upcoming quarter.
BBVA shares are down 40% from the beginning of the year , still down 45.60% from its 52 week high of €5.47 set on May 2, 2019. They are under-performing the STOXX 600 which is down 18.35% year to date.
BBVA follows other major Financial sector earnings this month
BBVA's report follows an earnings missed by Santander on Tuesday, who reported EPS of €0.02 on revenue of €11.81B, compared to forecasts EPS of €0.06 on revenue of €11.85B.
Caixabank had missed expectations on Thursday with first quarter EPS of €0.06 on revenue of €1.98B, compared to forecast for EPS of €0.07 on revenue of €2B.
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