First Horizon Corporation (FHN) released a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $213 million, or $0.41 per share. This compares with $184 million, or $0.33 per share, last year.
Excluding items, First Horizon Corporation reported adjusted earnings of $217 million or $0.42 per share for the period.
Analysts on average had expected the company to earn $0.40 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 0.9% to $812 million from $819 million last year.
First Horizon Corporation earnings at a glance (GAAP) :
-Earnings: $213 Mln. vs. $184 Mln. last year.
-EPS: $0.41 vs. $0.33 last year.
-Revenue: $812 Mln vs. $819 Mln last year.
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