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.
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