First Commonwealth Financial Q1 Profit Drops, Inline With Estimates

First Commonwealth Financial (FCF) reported earnings for first quarter that decreased from last year in line with the Street estimates.

The company's bottom line came in at $32.70 million, or $0.32 per share. This compares with $37.55 million, or $0.37 per share, last year.

Excluding items, First Commonwealth Financial reported adjusted earnings of $32.78 million or $0.32 per share for the period.

Analysts on average had expected the company to earn $0.32 per share. Analysts' estimates typically exclude special items.

First Commonwealth Financial earnings at a glance (GAAP) :

-Earnings: $32.70 Mln. vs. $37.55 Mln. last year.
-EPS: $0.32 vs. $0.37 last year.

by RTTNews Staff Writer

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