16.04.2024 12:36:59 - dpa-AFX: PNC Financial Services Group Inc. Announces Fall In Q1 Profit, but beats estimates
WASHINGTON (dpa-AFX) - PNC Financial Services Group Inc. (PNC) revealed a
profit for first quarter that decreased from last year but beat the Street
estimates.
The company's earnings totaled $1.25 billion, or $3.10 per share. This compares
with $1.61 billion, or $3.98 per share, in last year's first quarter.
Analysts on average had expected the company to earn $3.02 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 8.0% to $5.15 billion from $5.60
billion last year.
PNC Financial Services Group Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $1.25 Bln. vs. $1.61 Bln. last year.
-EPS (Q1): $3.10 vs. $3.98 last year.
-Revenue (Q1): $5.15 Bln vs. $5.60 Bln last year.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX