Caixabank reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Caixabank announced earnings per share of €0.06 on revenue of €1.98B. Analysts polled by anticipated EPS of €0.07 on revenue of €2B. That with comparison to EPS of €0.09 on revenue of €2.11B in the same period a year before. Caixabank had reported EPS of €0.07 on revenue of €2.12B in the previous quarter. Analysts are expecting EPS of €0.06 and revenue of €1.93B in the upcoming quarter.
Caixabank shares are down 41% from the beginning of the year , still down 43.88% from its 52 week high of €2.94 set on February 11. They are under-performing the STOXX 600 which is down 18.35% year to date.
Caixabank follows other major Financial sector earnings this month
Caixabank'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.
Bankinter had beat expectations on April 23 with first quarter EPS of €0.14 on revenue of €436M, compared to forecast for EPS of €0.11 on revenue of €531.81M.
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