Piper Jaffray reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Piper Jaffray announced earnings per share of $1.48 on revenue of $236.2M. Analysts polled by anticipated EPS of $1.13 on revenue of $233.7M. That with comparison to EPS of $1.57 on revenue of $191.42M in the same period a year before. Piper Jaffray had reported EPS of $2.89 on revenue of $276.38M in the previous quarter. Analysts are expecting EPS of $1.12 and revenue of $229.67M in the upcoming quarter.
Piper Jaffray shares are down 31.86% from the beginning of the year , still down 38.35% from its 52 week high of $87.45 set on February 13. They are under-performing the EUR/USD which is down 0% year to date.
Piper Jaffray follows other major Financial sector earnings this month
Piper Jaffray'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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