10th Feb 2014 10:20
LONDON (Alliance News) - Barclays PLC Monday said it will report a GBP5.2 billion adjusted pretax profit for 2013, meaning it will miss consensus estimates by about GBP200 million.
On Friday, Barclays had said analysts were forecasting a GBP5.41 billion in adjusted pretax profit.
Barclays said its adjusted pretax profit excludes certain provisions, the impact of own credit, gains on debt buybacks, and gains and losses on acquisitions and disposals.
In an unscheduled update ahead of its results for the year ended December 31, 2013, Barclays also said it will report a GBP2.9 billion statutory pretax profit for the year, compared with GBP797 million the year before.
Barclays is set to report results for its recent financial year on Tuesday.
Barclays shares were Monday quoted at 274.30 pence, up 2.75 pence, or 1.0%.
By Samuel Agini; [email protected]; @samuelagini
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