Investing.com - Intermediate Capital reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Intermediate Capital announced earnings per share of £1.01 on revenue of £506.7M. Analysts polled by Investing.com anticipated EPS of £62.70 on revenue of £242.60M.
Intermediate Capital shares are up 10% from the beginning of the year, still down 37.04% from its 52 week high of £2,493.00 set on November 16, 2021. They are outperforming the STOXX 600 which is down 10.27% from the start of the year.
Intermediate Capital shares lost 100.00% in pre-market trade following the report.
Intermediate Capital follows other major Financial sector earnings this month
Intermediate Capital's report follows an earnings beat by State Bank India on May 13, who reported EPS of £1.32 on revenue of £5.56B, compared to forecasts EPS of £1.31 on revenue of £5.56B.
Barclays had beat expectations on April 28 with first quarter EPS of £0.084 on revenue of £6.5B, compared to forecast for EPS of £0.0601 on revenue of £5.72B.
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