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Credicorp: Q4 Earnings Snapshot

LA MOLINA, Bermuda (AP) — LA MOLINA, Bermuda (AP) — Credicorp Ltd. (BAP) on Thursday reported fourth-quarter net income of $468.8 million.

The bank, based in La Molina, Bermuda, said it had earnings of $5.88 per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $6.61 per share.

The Peruvian finance company posted revenue of $2.18 billion in the period. Its revenue net of interest expense was $1.8 billion, which beat Street forecasts.

For the year, the company reported profit of $1.94 billion, or $24.35 per share. Revenue was reported as $6.55 billion.

Credicorp shares have increased 19% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $341.05, a climb of 85% 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 BAP at https://www.zacks.com/ap/BAP

Australian watchdog files legal action against Telegram, saying it failed to remove violent content

MELBOURNE, Australia (AP) — Australia’s online safety watchdog has filed legal action against messaging app Telegram, saying the platform failed to remove extremist content including videos of white supremacist mass shootings in Buffalo, New York, and the New Zealand city of Christchurch as well as Islamic State group beheadings. The United Arab Emirates-based app, which reports having 1 billion users worldwide, faces a fine of up to 54.6 million Australian dollars ($38 million) if convicted in the Australian Federal Court for “alleged failure to detect and remove pro-terror material,” eSafety Commissioner Julie Inman Grant said Thursday. The civil action is a test of Australia's 2021 law requiring tech platforms to work to keep illegal and pro-terrorism material off their networks. Telegram denied the claims. “We reject these allegations and will contest them in court,” a spokesperson said in a written statement sent on Telegram.
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