Zions Profits Threat, Q1 Revenue Missing by Investing.com

Investing.com – Zions on Monday reported the first quarter to have beaten analysts’ expectations and lower than expected earnings.

Zions reported earnings per share of $ 1.81 on revenue of $ 693 million. Analysts polled by Investing.com were forecasting EPS of $ 1.18 on revenue of $ 699.09 million.

Zions shares are up 28% from the start of the year, trading at $ 55.95, down from the 52 week high, outperforming the Nasdaq which is up 7.96% since the beginning of the year.

Zions follows other major financial sector earnings this month

Zions report follows earnings beaten by JPMorgan on Wednesday, which reported EPS of $ 4.5 on revenue of $ 33.12 billion, versus forecast of $ 3.1 on revenue of 30 , $ 49 billion.

UnitedHealth had beaten expectations on Thursday with first-quarter EPS of $ 5.31 on revenue of $ 70.2 billion, compared to a forecast for EPS of $ 4.39 on revenue of 69, $ 07 billion.

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