Societe Generale (OTC:SCGLY) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Societe Generale announced earnings per share of €-0.07 on revenue of €5.17B. Analysts polled by anticipated EPS of €0.49 on revenue of €6.04B. That with comparison to EPS of €1.12 on revenue of €6.19B in the same period a year before. Societe Generale had reported EPS of €0.86 on revenue of €6.21B in the previous quarter. Analysts are expecting EPS of €0.86 and revenue of €6.24B in the upcoming quarter.
Societe Generale shares are down 54% from the beginning of the year , still down 55.76% from its 52 week high of €32.23 set on January 9. They are under-performing the S&P Global (NYSE:SPGI) 100 which is down 8.56% year to date.
Societe Generale follows other major Financial sector earnings this month
Societe Generale's report follows an earnings missed by Amundi on Thursday, who reported EPS of €1.02 on revenue of €612M, compared to forecasts EPS of €1.06 on revenue of €619.53M.
SCOR had beat expectations on Wednesday with first quarter EPS of €0.87 on revenue of €4.16B, compared to forecast for EPS of €0.71 on revenue of €4.25B.
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