BUENOS AIRES, Argentina (AP) — BUENOS AIRES, Argentina (AP) — Banco Macro SA (BMA) on Wednesday reported first-quarter earnings of $42.5 million.
The bank, based in Buenos Aires, Argentina, said it had earnings of 65 cents per share.
The financial holding company posted revenue of $1.03 billion in the period. Its revenue net of interest expense was $759.4 million, which missed Street forecasts.
Banco Macro shares have declined 7% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $89.77, an increase of 51% in the last 12 months.
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