ING’s Q4 EPS, Revenue Exceed Analyst Forecasts

SHARE

ING Group, a Dutch lender, reported on Thursday Q4 EPS and revenue that beat Wall Street analysts’ estimates. EPS for the quarter was EUR0.19 ($0.21) compared with EUR 0.21 in the same quarter a year earlier. That compared with analyst expectations of EUR0.06 according to a Capital IQ poll.

Revenue totaled EUR4.36 billion compared with EUR 4.04 billion in the same period a year earlier. The average estimate by analysts was EUR4.24 billion. The American depositary shares rose 1.9% on Thursday morning to their highest since October 2015. The new 52-week range is $9.26 to $14.80 in New York.

LEAVE A REPLY