Northern Trust Corp. Reveals Drop In Q3 Profit

Northern Trust Corp. (NTRS) reported earnings for third quarter that declined from the same period last year.

The company's profit came in at $294.5 million, or $1.32 per share. This compares with $384.6 million, or $1.69 per share, in last year's third quarter.

Analysts had expected the company to earn $1.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.9% to $1.49 billion from $1.55 billion last year.

Northern Trust Corp. earnings at a glance:

-Earnings (Q3): $294.5 Mln. vs. $384.6 Mln. last year.
-EPS (Q3): $1.32 vs. $1.69 last year.
-Analysts Estimate: $1.38
-Revenue (Q3): $1.49 Bln vs. $1.55 Bln last year.

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