BUENOS AIRES, Argentina (AP) 鈥� BUENOS AIRES, Argentina (AP) 鈥� Grupo Supervielle SA (SUPV) on Tuesday reported a loss of $12 million in its first quarter.
The bank, based in Buenos Aires, Argentina, said it had a loss of 14 cents per share. Earnings, adjusted for non-recurring costs, were 5 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The financial services provider posted revenue of $363.5 million in the period. Its revenue net of interest expense was $192.6 million, missing Street forecasts.
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