HSBC Holdings (HSBC) reported Q1 earnings Tuesday of $0.39 per diluted share, down from $0.54 a year earlier.
Two analysts polled by FactSet expected $0.30.
Revenue for the quarter ended March 31 was $17.65 billion compared with $20.75 billion a year earlier.
Two analysts surveyed by FactSet expected $16.53 billion.
The company said it plans a share buyback of up to $3 billion, expected to begin shortly after its annual general meeting scheduled for May 2.
HSBC shares were up 1.6% in recent premarket activity.
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