Investing.com - Admiral Group (LON:ADML) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Admiral Group announced earnings per share of £0.67 on revenue of £670.0M. Analysts polled by Investing.com anticipated EPS of £33.44 on revenue of £937.23M.
Admiral Group shares are down 29% from the beginning of the year and are trading at £2,216.0 , down-from-52-week-high.They are under-performing the FTSE 100 which is up 1.66% from the start of the year.
Admiral Group follows other major Financial sector earnings this month
Admiral Group's report follows an earnings beat by HSBC on Monday, August 1, 2022, who reported EPS of £0.228 on revenue of £10.7B, compared to forecasts EPS of £0.1439 on revenue of £10.39B.
State Bank India had missed expectations on Saturday with second quarter EPS of £0.8538 on revenue of £4.21B, compared to forecast for EPS of £1.1 on revenue of £5.04B.
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