20.10.2023 12:07:13 - dpa-AFX: Regions Financial Corp. Q3 Income Rises, but misses estimates
BIRMINGHAM (ALABAMA) (dpa-AFX) - Regions Financial Corp. (RF) reported
earnings for its third quarter that increased from the same period last year but
missed the Street estimates.
The company's bottom line totaled $465 million, or $0.49 per share. This
compares with $404 million, or $0.43 per share, in last year's third quarter.
Analysts on average had expected the company to earn $0.58 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 0.5% to $1.86 billion from $1.87
billion last year.
Regions Financial Corp. earnings at a glance (GAAP) :
-Earnings (Q3): $465 Mln. vs. $404 Mln. last year.
-EPS (Q3): $0.49 vs. $0.43 last year.
-Analyst Estimate: $0.58
-Revenue (Q3): $1.86 Bln vs. $1.87 Bln last year.
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