Regions Financial Corp. Q2 Profit Falls, but beats estimates

Regions Financial Corp. (RF) released earnings for second quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $558 million, or $0.59 per share. This compares with $748 million, or $0.77 per share, in last year's second quarter.

Analysts on average had expected the company to earn $0.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.5% to $1.748B from $1.582B last year.

Regions Financial Corp. earnings at a glance (GAAP) :

-Earnings (Q2): $558 Mln. vs. $748 Mln. last year.
-EPS (Q2): $0.59 vs. $0.77 last year.
-Analyst Estimates: $0.53
-Revenue (Q2): $1.748B vs. $1.582B last year.

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