WASHINGTON (dpa-AFX) - Ameriprise Financial Inc. (AMP) reported earnings for first quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at $583 million, or $5.83 per share. This compares with $990 million, or $9.46 per share, last year.
Excluding items, Ameriprise Financial Inc. reported adjusted earnings of $950 million or $9.50 per share for the period.
Analysts on average had expected the company to earn $9.08 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 5.0% to $4.354 billion from $4.146 billion last year.
Ameriprise Financial Inc. earnings at a glance (GAAP) :
-Earnings: $583 Mln. vs. $990 Mln. last year. -EPS: $5.83 vs. $9.46 last year. -Revenue: $4.354 Bln vs. $4.146 Bln last year.
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