SVB Financial Group (SIVB) reported a profit for third quarter that decreased from the same period last year.
The company's earnings totaled $365 million, or $6.24 per share. This compares with $442 million, or $8.47 per share, in last year's third quarter.
Analysts had expected the company to earn $5.04 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
SVB Financial Group earnings at a glance:
-Earnings (Q3): $365 Mln. vs. $442 Mln. last year.-EPS (Q3): $6.24 vs. $8.47 last year.-Analysts Estimate: $5.04
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