Investing.com - Assicurazioni Generali (BIT:GASI) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Assicurazioni Generali announced earnings per share of €0.89 on revenue of €41.88B. Analysts polled by Investing.com anticipated EPS of €0.5288 on revenue of €19.15B.
Assicurazioni Generali shares are down 21% from the beginning of the year and are trading at €14.5350 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 11.03% from the start of the year.
Assicurazioni Generali shares lost 2.35% in intra-day trade after the report.
Assicurazioni Generali follows other major Financial sector earnings this month
Assicurazioni Generali's report follows an earnings beat by Intesa Sanpaolo on Friday, who reported EPS of €0.069 on revenue of €5.35B, compared to forecasts EPS of €0.0531 on revenue of €5.06B.
UniCredit had beat expectations on Tuesday, July 26, 2022 with second quarter EPS of €0.84 on revenue of €4.8B, compared to forecast for EPS of €0.3767 on revenue of €4.5B.
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