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15.10.2024 13:14:53
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State Street Corp. Q3 Profit Increases, Beats Estimates
(RTTNews) - State Street Corp. (STT) revealed earnings for its third quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $730 million, or $2.26 per share. This compares with $422 million, or $1.25 per share, in last year's third quarter.
Excluding items, State Street Corp. reported adjusted earnings of $682 million or $2.26 per share for the period.
Analysts on average had expected the company to earn $2.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 21.1% to $3.259 billion from $2.691 billion last year.
State Street Corp. earnings at a glance (GAAP) :
-Earnings (Q3): $730 Mln. vs. $422 Mln. last year. -EPS (Q3): $2.26 vs. $1.25 last year. -Revenue (Q3): $3.259 Bln vs. $2.691 Bln last year.
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