WASHINGTON (dpa-AFX) - Truist Financial Corporation (TFC) announced a profit for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $1.16 billion, or $0.87 per share. This compares with $1.09 billion, or $0.81 per share, last year.
Excluding items, Truist Financial Corporation reported adjusted earnings of $1.16 billion or $0.87 per share for the period.
Analysts on average had expected the company to earn $0.86 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 1.6% to $4.95 billion from $4.87 billion last year.
Truist Financial Corporation earnings at a glance (GAAP) :
-Earnings: $1.16 Bln. vs. $1.09 Bln. last year. -EPS: $0.87 vs. $0.81 last year. -Revenue: $4.95 Bln vs. $4.87 Bln last year.
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