WASHINGTON (dpa-AFX) - Northern Trust Corp. (NTRS) revealed a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $450.7 million, or $2.26 per share. This compares with $108.4 million, or $0.52 per share, last year.
Analysts on average had expected the company to earn $2.00 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 26.8% to $1.959 billion from $1.545 billion last year.
Northern Trust Corp. earnings at a glance (GAAP) :
-Earnings: $450.7 Mln. vs. $108.4 Mln. last year. -EPS: $2.26 vs. $0.52 last year. -Revenue: $1.959 Bln vs. $1.545 Bln last year.
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