16.04.2024 12:50:47 - dpa-AFX: Bank of America Corporation Bottom Line Declines In Q1, misses estimates
CHARLOTTE (dpa-AFX) - Bank of America Corporation (BAC) announced a profit
for first quarter that decreased from last year and missed the Street
estimates.
The company's bottom line came in at $6.14 billion, or $0.76 per share. This
compares with $7.66 billion, or $0.94 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.77 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 1.7% to $25.82 billion from $26.26
billion last year.
Bank of America Corporation earnings at a glance (GAAP) :
-Earnings (Q1): $6.14 Bln. vs. $7.66 Bln. last year.
-EPS (Q1): $0.76 vs. $0.94 last year.
-Revenue (Q1): $25.82 Bln vs. $26.26 Bln last year.
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