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Banco Macro: 3Q Earnings Snapshot

BUENOS AIRES, Argentina (AP) _ Banco Macro SA (BMA) on Tuesday reported third-quarter net income of $122.7 million.

The Buenos Aires, Argentina-based bank said it had earnings of $1.41 per share.

The financial holding company posted revenue of $645.1 million in the period. Its revenue net of interest expense was $437.2 million, surpassing Street forecasts.

Banco Macro shares have fallen 61 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $44.75, a decline of 57 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BMA at https://www.zacks.com/ap/BMA