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Bank of Montreal Q3 adjusted earnings Miss Estimates

Bank of Montreal (BMO.TO) revealed earnings for its third quarter that climbed from the same period last year.

The company's bottom line came in at C$1.56 billion, or C$2.34 per share. This compares with C$1.54 billion, or C$2.31 per share, in last year's third quarter.

Excluding items, Bank of Montreal reported adjusted earnings of C$1.58 billion or C$2.38 per share for the period.

Analysts had expected the company to earn C$2.49 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.2% to C$6.67 billion from C$5.79 billion last year.

Bank of Montreal earnings at a glance:

-Earnings (Q3): C$1.58 Bln. vs. C$1.57 Bln. last year.
-EPS (Q3): C$2.38 vs. C$2.36 last year.
-Analysts Estimate: C$2.49
-Revenue (Q3): C$6.67 Bln vs. C$5.79 Bln last year.

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