Investing.com Crédit Agricole has announced the first quarterly results that missed analysts ‘ expectations on Wednesday, and a turnover which is displayed under the forecast.
The company posted earnings per share of €0.23 in) for a turnover of €4,9 B. The analysts surveyed by Investing.com expecting an EPS of €0.24 to a turnover of €4,91 B. This is to be compared to an EPS of €0,23 and a turnover of €4,9 B during the same period the previous year, The company announced an EPS of €0.33) for a turnover of €4,81 B in the previous quarter.
Shares in Credit Agricole lost 2.55% up to €11,075 in the course of the meeting after the publication.
Since the beginning of the year, shares in Credit Agricole are up 17%, above the performance of the STOXX europe 600 index is up 11% since the beginning of the year.
Crédit Agricole is following other companies in the Finance sector that have published their results this month.
On 2 may, BNP Paribas has announced a first quarter EPS of €1.09 in a turnover of €11,14 B, compared with a forecast EPS of €1.17 to a turnover of €11,14 B.
The results of Société Générale have exceeded the consensus expectations, may 3, with a first quarter EPS of €1,12 for a turnover of €6,19 B. The analysts surveyed by Investing.com expecting an EPS of €0.70 for a turnover of €6,16 B