BUENOS AIRES, Argentina (AP) _ Banco Macro SA (BMA) on Monday reported net income of $115.2 million in its first quarter.
The bank, based in Buenos Aires, Argentina, said it had earnings of $1.72 per share.
The financial holding company posted revenue of $593.4 million in the period. Its revenue net of interest expense was $436.9 million, which topped Street forecasts.
Banco Macro shares have fallen 34% since the beginning of the year. In the final minutes of trading on Monday, shares hit $23.95, a fall of 57% in the last 12 months.
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