WASHINGTON (dpa-AFX) - Raymond James Financial, Inc. (RJF) revealed a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $601 million, or $2.86 per share. This compares with $432 million, or $2.02 per share, in last year's fourth quarter.
Excluding items, Raymond James Financial, Inc. reported adjusted earnings of $621 million or $2.95 per share for the period.
Analysts on average had expected the company to earn $2.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 13.4% to $3.462 billion from $3.053 billion last year.
Raymond James Financial, Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $601 Mln. vs. $432 Mln. last year. -EPS (Q4): $2.86 vs. $2.02 last year. -Revenue (Q4): $3.462 Bln vs. $3.053 Bln last year.
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