22.04.2024 22:20:30 - dpa-AFX: Ameriprise Financial Inc. Q1 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - Ameriprise Financial  Inc. (AMP) announced a profit
for its first quarter that increased from last year and  beat the Street

estimates.

The company's bottom line totaled $990 million, or $9.46 per share. This
compares with $417 million, or $3.79 per share, in last year's first quarter.

Excluding items, Ameriprise Financial Inc. reported adjusted earnings of $878
million or $8.39 per share for the period.

Analysts on average had expected the company to earn $8.20 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 11.0% to $4.15 billion from $3.74
billion last year.

Ameriprise Financial Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $990 Mln. vs. $417 Mln. last year.
-EPS (Q1): $9.46 vs. $3.79 last year.
-Revenue (Q1): $4.15 Bln vs. $3.74 Bln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
Ameriprise Financial A0F55S NYSE 435,780 22.05.24 20:50:36 +1,700 +0,39% 435,280 435,780 433,410 434,080

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