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State Street Q2 Profit Tops View - Quick Facts

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7/19/2013 7:35 AM ET

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.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves. U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.
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