17.04.2024 12:42:08 - dpa-AFX: First Horizon Corporation Q1 Profit Decreases, but beats estimates

WASHINGTON (dpa-AFX) - First Horizon Corporation (FHN) released earnings for
first quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $184 million, or $0.33 per share. This compares
with $243 million, or $0.43 per share, in last year's first quarter.

Excluding items, First Horizon Corporation reported adjusted earnings of $195
million or $0.35 per share for the period.

Analysts on average had expected the company to earn $0.34 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 4.7% to $819 million from $859
million last year.

First Horizon Corporation earnings at a glance (GAAP) :

-Earnings (Q1): $184 Mln. vs. $243 Mln. last year.
-EPS (Q1): $0.33 vs. $0.43 last year.
-Revenue (Q1): $819 Mln vs. $859 Mln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
First Horizon Corp A0CAN7 NYSE 15,700 23.05.24 22:00:07 -0,300 -1,87% 15,700 15,750 16,130 16,000

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