HSBC misses profit forecasts despite revenue growth in first quarter

HSBC Holdings PLC (LSE:HSBA) reported first-quarter pre-tax profit of $9.37 billion, slightly below the $9.59 billion expected by analysts, while revenue came in ahead of forecasts at $18.62 billion. Pre-tax profit of $9.37 billion was down slightly from $9.48 billion a year earlier but up from $6.80 billion in the previous quarter.