WASHINGTON (dpa-AFX) - Ameriprise Financial Inc. (AMP) announced a profit for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $990 million, or $9.46 per share. This compares with $417 million, or $3.79 per share, in last year's first quarter.
Excluding items, Ameriprise Financial Inc. reported adjusted earnings of $878 million or $8.39 per share for the period.
Analysts on average had expected the company to earn $8.20 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 11.0% to $4.15 billion from $3.74 billion last year.
Ameriprise Financial Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $990 Mln. vs. $417 Mln. last year. -EPS (Q1): $9.46 vs. $3.79 last year. -Revenue (Q1): $4.15 Bln vs. $3.74 Bln last year.
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