Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

State Street Q2 Profit Tops View - Quick Facts

RELATED NEWS
Trade STT now with 

State Street Corp. (STT: Quote) reported that its second-quarter net income available to common shareholders rose to $571 million from $480 million in the second quarter of 2012. Earnings per share was $1.24 from $0.98 in the same quarter last year.

On non-GAAP basis, net income available to common shareholders was $571 million up from $494 million in the second quarter of 2012. Earnings per share was $1.24 compared to $1.01 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.19 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly revenue improved to $2.56 billion from $2.42 billion in the year ago quarter. Non-GAAP revenue for the quarter was $2.58 billion compared to $2.46 billion in the prior year. Sixteen analysts estimated revenues of $2.54 billion for the quarter.

Click here to receive FREE breaking news email alerts for State Street Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
A number of major retailers will be open on Thanksgiving for early Black Friday shopping events. Kohl's department stores will kick off Black Friday sales two hours earlier this year, at 6 p.m. Thanksgiving Day, while Macy's, Bon-Ton and Best Buy will open at the same time. J.C. Penney and Sears... Twitter Inc. has replaced its head of product Daniel Graf just six months after luring him over from Google, according to multiple reports. Graf, previously known for his work leading Google Maps, will retain his vice president of product title and work on Twitter's geolocation features, the Wall... LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its third quarter loss widened slightly from last year, as higher costs and expenses more than offset a 45% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.