Bank Bradesco SA (NYSE: BBD) saw its stock price plummet by 5.40% during intraday trading, following a sharp 6.25% decline in the previous after-hours session. The significant drop comes in the wake of the Brazilian banking giant's disappointing third-quarter financial results, which fell short of analysts' expectations on both earnings and revenue fronts.

The company reported quarterly earnings of $0.09 per share, missing the analyst consensus estimate of $0.11 by 18.18%. While this represents a 12.5% increase from the $0.08 per share earned in the same period last year, it failed to meet market expectations. More concerning was Bank Bradesco's quarterly sales, which came in at $2.939 billion, significantly below the analyst consensus estimate of $6.220 billion by a staggering 52.75%. This also marks a 21.96% decrease compared to sales of $3.766 billion in the same quarter of the previous year.

As one of Brazil's largest banks, Bradesco's performance is often viewed as a barometer for the country's financial sector. The substantial miss on revenue and the decline in year-over-year sales have raised concerns among investors about the bank's growth trajectory and its ability to navigate the current economic environment. Market participants will be closely watching for any guidance or commentary from management regarding these results and future expectations, as they reassess their outlook on the stock.