World Economy

Danske Beats Estimates

Danske Beats EstimatesDanske Beats Estimates

Denmark’s Danske Bank reported profit that beat analyst estimates last quarter as Denmark’s biggest bank was able to navigate through negative interest rates and volatile markets. Net income slipped 1% to 4.78 billion kroner ($730 million) in the three months ended March 31, beating the 4.52 billion-krone estimate of analysts surveyed by Bloomberg. Net interest income was little changed while total revenue slipped 9%, Danske said on Friday. “Despite challenging financial markets and negative short-term interest rates, we had a satisfactory start to the year,” Chief Executive Officer Thomas Borgen said in a statement.