Bladex Announces Profit For The Third Quarter 2019 Of $20.4 Million, Or $0.52 Per Share; Year To Date Profit Of $64.0 Million, Or $1.62 Per Share

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Go back to Bladex Announces Profit For The Third Quarter 2019 Of $20.4 Million, Or $0.52 Per Share; Year To Date Profit Of $64.0 Million, Or $1.62 Per Share

Bladex (BLX) Misses Q3 EPS by 3c, Revenues Miss

October 18, 2019 7:04 AM EDT

Bladex (NYSE: BLX) reported Q3 EPS of $0.52, $0.03 worse than the analyst estimate of $0.55. Revenue for the quarter came in at $29.5 million versus the consensus estimate of $33.28 million.

Mr. N. Gabriel Tolchinsky, Bladex's Chief Executive Officer said, "The global economy in 2019 is on course for its weakest year of growth since the financial crisis, weighed down by tensions that have significantly slowed international trade. Given this macroeconomic context, we are, once again, downgrading our economic and trade growth expectations for Latin America, for both 2019 and 2020.

Today, we are expecting... More