12.04.2024 13:41:44 - dpa-AFX: State Street Corp. Profit Retreats In Q1, misses estimates
WASHINGTON (dpa-AFX) - State Street Corp. (STT) revealed earnings for first
quarter that decreased from the same period last year and missed the Street
estimates.
The company's earnings came in at $463 million, or $1.37 per share. This
compares with $549 million, or $1.52 per share, in last year's first quarter.
Analysts on average had expected the company to earn $1.50 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 1.3% to $3.14 billion from $3.10
billion last year.
State Street Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $463 Mln. vs. $549 Mln. last year.
-EPS (Q1): $1.37 vs. $1.52 last year.
-Revenue (Q1): $3.14 Bln vs. $3.10 Bln last year.
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