State Street Corp. (STT) revealed a profit for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $644.00 million, or $2.04 per share. This compares with $463.00 million, or $1.37 per share, last year.
Analysts on average had expected the company to earn $2.01 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 4.7% to $3.284 billion from $3.138 billion last year.
State Street Corp. earnings at a glance (GAAP) :
-Earnings: $644.00 Mln. vs. $463.00 Mln. last year.
-EPS: $2.04 vs. $1.37 last year.
-Revenue: $3.284 Bln vs. $3.138 Bln last year.
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