18.04.2024 12:51:42 - dpa-AFX: Comerica Inc. Q1 Profit Decreases, but beats estimates
WASHINGTON (dpa-AFX) - Comerica Inc. (CMA) announced a profit for first
quarter that decreased from the same period last year but beat the Street
estimates.
The company's bottom line came in at $131 million, or $0.98 per share. This
compares with $317 million, or $2.39 per share, in last year's first quarter.
Excluding items, Comerica Inc. reported adjusted earnings of $171 million or
$1.29 per share for the period.
Analysts on average had expected the company to earn $1.11 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
Comerica Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $131 Mln. vs. $317 Mln. last year.
-EPS (Q1): $0.98 vs. $2.39 last year.
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