Northern Trust Corp. Announces 10% Gain In Q3 Bottom Line
WASHINGTON (dpa-AFX) - Northern Trust Corp.
(NTRS) revealed a profit for its third quarter that increased compared to the same period last year.
The company said its bottom line climbed to $251.7 million, or $1.08 per share. This was up from $228.8 million, or $0.96 per share, in last year's third quarter.
Analysts had expected the company to earn $1.09 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 5.2% to $1.22 billion. This was up from $1.16 billion last year.
Northern Trust Corp. earnings at a glance:
-Earnings (Q3): $251.7 Mln. vs. $228.8 Mln. last year. -Earnings Growth (Y-o-Y): 10.0% -EPS (Q3): $1.08 vs. $0.96 last year. -EPS Growth (Y-o-Y): 12.5% -Analysts Estimate: $1.09 -Revenue (Q3): $1.22 Bln vs. $1.16 Bln last year. -Revenue Change (Y-o-Y): 5.2%
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