19.04.2024 12:04:38 - dpa-AFX: Regions Financial Corp. Announces Retreat In Q1 Profit, misses estimates
BIRMINGHAM (ALABAMA) (dpa-AFX) - Regions Financial Corp. (RF) reported a
profit for first quarter that decreased from the same period last year and
missed the Street estimates.
The company's bottom line totaled $343 million, or $0.37 per share. This
compares with $588 million, or $0.62 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.45 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 10.3% to $1.75 billion from $1.95
billion last year.
Regions Financial Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $343 Mln. vs. $588 Mln. last year.
-EPS (Q1): $0.37 vs. $0.62 last year.
-Revenue (Q1): $1.75 Bln vs. $1.95 Bln last year.
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