First Horizon National reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
First Horizon National announced earnings per share of $0.05 on revenue of $477.6M. Analysts polled by anticipated EPS of $0.26 on revenue of $478.35M. That with comparison to EPS of $0.31 on revenue of $435.55M in the same period a year before. First Horizon National had reported EPS of $0.37 on revenue of $494.7M in the previous quarter. Analysts are expecting EPS of $-0.22 and revenue of $481.73M in the upcoming quarter.
First Horizon National shares are down 51.93% from the beginning of the year , still down 54.31% from its 52 week high of $17.42 set on November 5, 2019. They are under-performing the EUR/USD which is down 0% year to date.
First Horizon National follows other major Financial sector earnings this month
First Horizon National's report follows an earnings missed by JPMorgan on April 14, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $1.87 on revenue of $29.54B.
UnitedHealth had beat expectations on April 15 with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.16B.
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