Investing.com - Abrdn reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Abrdn announced earnings per share of £0.41 on revenue of £669.0M. Analysts polled by Investing.com anticipated EPS of £6.59 on revenue of £755.49M.
Abrdn shares are down 18% from the beginning of the year and are trading at £195.75 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 9.32% from the start of the year.
Abrdn follows other major Financial sector earnings this month
Abrdn's report follows an earnings missed by HSBC on Tuesday, February 22, 2022, who reported EPS of £0.0883 on revenue of £8.89B, compared to forecasts EPS of £0.1 on revenue of £8.85B.
State Bank India had missed expectations on Saturday, February 5, 2022 with fourth quarter EPS of £1.26 on revenue of £5.27B, compared to forecast for EPS of £1.27 on revenue of £5.27B.
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