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Northern Trust Corp. Q2 Earnings Drop

Northern Trust Corp. (NTRS) released a profit for second quarter that decreased from the same period last year.

The company's earnings totaled $313.3 million, or $1.46 per share. This compares with $389.4 million, or $1.75 per share, in last year's second quarter.

Analysts had expected the company to earn $1.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenue held steady at $1.51 billion

Northern Trust Corp. earnings at a glance:

-Earnings (Q2): $313.3 Mln. vs. $389.4 Mln. last year.
-EPS (Q2): $1.46 vs. $1.75 last year.
-Analysts Estimate: $1.37
-Revenue (Q2): $1.51 Bln vs. $1.51 Bln last year.

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