18.10.2023 13:20:54 - dpa-AFX: Northern Trust Corp. Profit Retreats In Q3, but beats estimates
WASHINGTON (dpa-AFX) - Northern Trust Corp. (NTRS) announced earnings for
third quarter that decreased from the same period last year but beat the Street
estimates.
The company's bottom line came in at $311.6 million, or $1.49 per share. This
compares with $378.6 million, or $1.80 per share, in last year's third quarter.
Analysts on average had expected the company to earn $1.47 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 1.7% to $1.74 billion from $1.77
billion last year.
Northern Trust Corp. earnings at a glance (GAAP) :
-Earnings (Q3): $311.6 Mln. vs. $378.6 Mln. last year.
-EPS (Q3): $1.49 vs. $1.80 last year.
-Analyst Estimates: $1.47
-Revenue (Q3): $1.74 Bln vs. $1.77 Bln last year.
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