Yahoo Finance US Bancorp Earnings Miss, Revenue Beats In Q1
Investing.com - US Bancorp (NYSE:USB) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
US Bancorp announced earnings per share of $0.72 on revenue of $5.77B. Analysts polled by Investing.com anticipated EPS of $0.82 on revenue of $5.57B. That with comparison to EPS of $1 on revenue of $5.58B in the same period a year before. US Bancorp had reported EPS of $0.9 on revenue of $5.67B in the previous quarter. Analysts are expecting EPS of $0.85 and revenue of $5.69B in the upcoming quarter.
US Bancorp shares are down 39.62% from the beginning of the year , still down 41.42% from its 52 week high of $61.11 set on December 16, 2019. They are under-performing the S&P 500 which is down 12.29% year to date.
US Bancorp follows other major Financial sector earnings this month
US Bancorp's report follows an earnings missed by JPMorgan on Tuesday, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $2.28 on revenue of $29.53B.
UnitedHealth had beat expectations on Wednesday with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.18B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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