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

Quick Facts

Editors Pick
Swiss drug maker Roche Holding said a late-stage trial of its breast cancer drug Kadcyla did not provide superior results compared with an existing therapy. FCA US, until recently known as Chrysler, said Friday it is recalling 257,000 Dodge Ram pickups. The auto maker says the rear axle pinion nut on certain model year 2005 Dodge Ram 1500 trucks may loosen due to an undersized spline on the pinion gear. If the pinion nut loosens, the rear axle may... This medical device company has a very impressive track record of growing business over the past decade. increasing sales from $490.2 million in 2004 to $1.72 billion this year. The Silicone Hydrogel daily disposable lens portfolio constitutes a major avenue for growth.
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.