NatWest Group Earnings beat, Revenue misses In Q1

  • Investing.com
NatWest Group Earnings beat, Revenue misses In Q1

Investing.com - NatWest Group (LON: NWG ) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

NatWest Group announced earnings per share of £0.051 on revenue of £2.66B. Analysts polled by Investing.com anticipated EPS of £0.0283 on revenue of £2.72B.

NatWest Group shares are up 17% from the beginning of the year and are trading at £196.95 , down-from-52-week-high.They are outperforming the TR UK 50 which is up 6.43% from the start of the year.

NatWest Group shares lost 3.22% in intra-day trade the report.

NatWest Group follows other major Financial sector earnings this month

NatWest Group's report follows an earnings beat by HSBC on Tuesday, who reported EPS of £0.1365 on revenue of £9.54B, compared to forecasts EPS of £0.0753 on revenue of £9.27B.

Lloyds Banking had missed expectations on Wednesday with first quarter EPS of £0.0051 on revenue of £3.66B, compared to forecast for EPS of £0.0133 on revenue of £3.69B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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