Unicredit releases third-quarter results by mistake

Italy's biggest bank released its third-quarter results on Tuesday - more than two weeks earlier than scheduled - after sending them to investors and analysts overnight by mistake.

Unicredit reported a 3.9% year-on-year fall in operating income to €4.646bn. Its initial intended publication date for the results had been 8 November.

Unicredit said it made the decision to publish early after a table with "preliminary and incomplete" results was accidentally distributed on Monday.

Third-quarter preliminary highlights

• Operating income falls 3.9% to €4.646bn from the same period a year ago
• Operating profit down 3.3% from last year to €1.833bn
• Net operating profit rises 34.4% to €1.235bn
• Profit before tax rises 45.2% to €926m, while net profit after tax remains at €745m

Market reaction

Shares in Unicredit were up 0.4% to €17.18 in early trade on the Milan Stock Exchange.

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