19.01.2024 12:39:36 - dpa-AFX: Huntington Bancshares Inc. Profit Retreats In Q4, misses estimates
WASHINGTON (dpa-AFX) - Huntington Bancshares Inc. (HBAN) announced earnings
for fourth quarter that decreased from the same period last year and missed the
Street estimates.
The company's earnings totaled $243 million, or $0.15 per share. This compares
with $645 million, or $0.42 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $0.27 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 12.2% to $1.73 billion from $1.97
billion last year.
Huntington Bancshares Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $243 Mln. vs. $645 Mln. last year.
-EPS (Q4): $0.15 vs. $0.42 last year.
-Analyst Estimates: $0.27
-Revenue (Q4): $1.73 Bln vs. $1.97 Bln last year.
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