Standard Chartered Earnings, Revenue beat In Q1

  • Investing.com
Standard Chartered Earnings, Revenue beat In Q1
Credit: © Reuters.

Investing.com - Standard Chartered (LON: STAN ) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Standard Chartered announced earnings per share of $0.342 on revenue of $4.27B. Analysts polled by Investing.com anticipated EPS of $0.2273 on revenue of $3.86B.

Standard Chartered shares are up 3% from the beginning of the year and are trading at $555.60 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.22% from the start of the year.

Standard Chartered shares gained 15.82% in intra-day trade the report.

Standard Chartered follows other major Financial sector earnings this month

Standard Chartered's report follows an earnings missed by HSBC on Tuesday, who reported EPS of $0.1109 on revenue of $9.94B, compared to forecasts EPS of $0.131 on revenue of $9.76B.

Lloyds Banking had beat expectations on Wednesday with first quarter EPS of $0.015 on revenue of $4.11B, compared to forecast for EPS of $0.0148 on revenue of $4.04B.

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

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