19.01.2024 13:54:57 - dpa-AFX: State Street Q4 Profit Plunges 71%, But Results Top Estimates

WASHINGTON (dpa-AFX) - State Street Corp. (STT) reported Friday that net
income for the fourth quarter decreased 2 percent to $210 million from $733
million from last year, with earnings per share declining 8 percent to $0.55
from last year's $1.91.

Excluding items, the company reported adjusted earnings of $2.04 per share for
the quarter.

On average, 14 analysts polled by Thomson Reuters expected the company to report
earnings of $1.83 per share for the quarter. Analysts' estimates typically
exclude special items.

Total revenue for the quarter decreased 3.5 percent to $3.04 billion from $3.16
billion in the same quarter last year. Analysts expected revenues of $2.95
billion for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit
rttnews.com



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
State Street Corp 864777 NYSE 75,330 03.06.24 22:00:07 -0,260 -0,34% 75,330 76,060 75,550 75,590

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