Investing.com - Lufax reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lufax announced earnings per share of ¥1.16 on revenue of ¥13.19B. Analysts polled by Investing.com anticipated EPS of ¥1.26 on revenue of ¥14.82B.
Lufax shares are down 68.92% from the beginning of the year , still down 75.18% from its 52 week high of ¥7.05 set on Tuesday, June 21, 2022.
Lufax shares lost 8.57% in after-hours trade the report.
Lufax follows other major Financial sector earnings this month
Lufax's report follows an earnings missed by Berkshire Hathaway A on Saturday, November 5, 2022, who reported EPS of ¥-1,832 on revenue of ¥76.9B, compared to forecasts EPS of ¥4,518.39 on revenue of ¥74.9B.
S&P Global had beat expectations on Thursday, October 27, 2022 with third quarter EPS of ¥2.93 on revenue of ¥2.86B, compared to forecast for EPS of ¥2.81 on revenue of ¥2.93B.
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