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BUENOS AIRES, Argentina (AP) — BUENOS AIRES, Argentina (AP) — Banco Macro SA (BMA) on Thursday reported a second-quarter loss of $264.1 million, after reporting a profit in the same period a year earlier.
The Buenos Aires, Argentina-based bank said it had a loss of $4.01 per share.
The financial holding company posted revenue of $1.03 billion in the period. Its revenue net of interest expense was $538.7 million, surpassing Street forecasts.
Banco Macro shares have climbed 83% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $52.51, more than doubling in the last 12 months.
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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