(NYSE: BCS) stock made big gains Tuesday, ending the trading session up 11.7%, according to data from S&P Global Market Intelligence.

The British banking and financial services company announced its fourth-quarter results before the market opened, reporting earnings that fell short of Wall Street's target. It posted a net loss of roughly 111 million pounds (roughly $140.1 million) on sales of 5.6 billion pounds (roughly $7.07 billion). The average analyst estimate had called for it to post a profit of 60.95 million pounds (roughly $76.9 million), but the unexpected loss was primarily down to restructuring costs.

Barclays' revenue declined 3% year over year in the fourth quarter, falling short of Wall Street's target. The company closed out the year with a return on tangible equity of 10.6%.

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Source Fool.com