Citizens Financial Group, Inc. Q1 Earnings Decline

Citizens Financial Group, Inc. (CFG) released a profit for first quarter that decreased from last year.

The company's bottom line totaled $12 million, or $0.03 per share. This compares with $424 million, or $0.92 per share, in last year's first quarter.

Analysts had expected the company to earn $0.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.4% to $1.66 billion from $1.59 billion last year.

Citizens Financial Group, Inc. earnings at a glance:

-Earnings (Q1): $12 Mln. vs. $424 Mln. last year.
-EPS (Q1): $0.03 vs. $0.92 last year.
-Analysts Estimate: $0.38
-Revenue (Q1): $1.66 Bln vs. $1.59 Bln last year.

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