HSBC reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
HSBC announced earnings per share of $0.07 on revenue of $10.74B. Analysts polled by anticipated EPS of $0.1 on revenue of $10.51B. That with comparison to EPS of $0.16 on revenue of $11B in the same period a year before. HSBC had reported EPS of $- on revenue of $10.43B in the previous quarter. Analysts are expecting EPS of $0.09 and revenue of $10.87B in the upcoming quarter.
HSBC shares are down 28.95% from the beginning of the year , still down 38.85% from its 52 week high of $687.70 set on May 3, 2019. They are under-performing the TR UK 50 which is down 21.07% year to date.
Stay up-to-date on all of the upcoming earnings reports by visiting 's earnings calendar
