SANTIAGO CHILE, Chile (AP) — SANTIAGO CHILE, Chile (AP) — Banco Santander-Chile (BSAC) on Thursday reported second-quarter earnings of $287.7 million.
The Santiago Chile, Chile-based bank said it had earnings of 60 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The financial holding company posted revenue of $1.13 billion in the period. Its revenue net of interest expense was $686.7 million, which also did not meet Street forecasts.
Banco Santander-Chile shares have increased 21% since the beginning of the year. The stock has increased 17% in the last 12 months.
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