26.07.2023 23:50:21 - dpa-AFX: Raymond James Financial, Inc. Q3 Profit Increases, but misses estimates
WASHINGTON (dpa-AFX) - Raymond James Financial, Inc. (RJF) revealed earnings
for its third quarter that increased from the same period last year but missed
the Street estimates.
The company's earnings totaled $369 million, or $1.71 per share. This compares
with $299 million, or $1.38 per share, in last year's third quarter.
Excluding items, Raymond James Financial, Inc. reported adjusted earnings of
$399 million or $1.85 per share for the period.
Analysts on average had expected the company to earn $2.16 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 7.0% to $2.91 billion from $2.72
billion last year.
Raymond James Financial, Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $369 Mln. vs. $299 Mln. last year.
-EPS (Q3): $1.71 vs. $1.38 last year.
-Analyst Estimate: $2.16
-Revenue (Q3): $2.91 Bln vs. $2.72 Bln last year.
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