Barclays falls as Q3 profit misses estimates
BCS•Barclays reported third-quarter profit before tax of £2.32 billion, below the company-compiled estimate of £2.42 billion, and announced a new £500 million share buyback.
1. Profit misses estimates
Barclays reported third-quarter profit before tax of £2.32 billion ($3.08 billion), missing the company-compiled estimate of £2.42 billion. The lender announced a new £500 million share buyback. Its shares were down 1.8% at 411.8 pence and about 12% year to date.
